JPMorgan Chase & Co. Has $160.84 Million Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• JPMorgan Chase & Co. reduced its stake in Keysight Technologies by 6.1%, selling 69,297 shares, and now holds 1,073,887 shares valued at approximately $160.8 million.
• Keysight Technologies has experienced a 3.3% decrease in stock price, currently trading around $164.61, with a market capitalization of $28.33 billion.
• In its recent earnings report, Keysight Technologies outperformed expectations, posting $1.70 earnings per share against the estimated $1.65 and generating $1.32 billion in revenue, exceeding the $1.28 billion forecast.

JPMorgan Chase & Co. decreased its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,073,887 shares of the scientific and technical instruments company's stock after selling 69,297 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.62% of Keysight Technologies worth $160,836,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KEYS. Kovitz Investment Group Partners LLC increased its holdings in Keysight Technologies by 364.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after buying an additional 3,650,953 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Keysight Technologies by 29.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock valued at $2,588,546,000 after buying an additional 3,621,349 shares during the period. Victory Capital Management Inc. increased its holdings in Keysight Technologies by 1,224.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock valued at $298,324,000 after buying an additional 1,841,494 shares during the period. Point72 Asset Management L.P. increased its holdings in Keysight Technologies by 343.6% in the 4th quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock valued at $161,946,000 after buying an additional 780,893 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Keysight Technologies by 36,268.6% in the 1st quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after buying an additional 748,583 shares during the period. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded down $1.12 on Friday, hitting $163.36. The stock had a trading volume of 1,061,160 shares, compared to its average volume of 796,700. Keysight Technologies Inc. has a twelve month low of $121.43 and a twelve month high of $186.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The firm's 50 day moving average price is $163.18 and its 200-day moving average price is $158.56. The company has a market capitalization of $28.12 billion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.11.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. On average, equities research analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Insider Buying and Selling at Keysight Technologies

In related news, SVP John Page sold 7,368 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the transaction, the senior vice president owned 36,986 shares in the company, valued at $5,835,651.08. This represents a 16.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard P. Hamada sold 1,589 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the transaction, the director owned 42,160 shares in the company, valued at approximately $6,829,920. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,830 shares of company stock worth $5,124,049 over the last quarter. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $170.00 to $175.00 in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $187.50.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.