Mackenzie Financial Corp Lowers Position in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Mackenzie Financial Corp reduced its holdings in Keysight Technologies by 6.4%, owning 1,643,175 shares worth approximately $246 million after selling 112,140 shares in the first quarter.
• In contrast, Central Pacific Bank Trust Division significantly increased its stake in Keysight by 97.8%, now holding 182 shares valued at $27,000.
• Keysight Technologies reported a quarterly earnings per share of $1.70, exceeding estimates of $1.65, while experiencing a 7.4% year-over-year revenue growth to $1.32 billion.

Mackenzie Financial Corp lessened its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,643,175 shares of the scientific and technical instruments company's stock after selling 112,140 shares during the period. Mackenzie Financial Corp owned about 0.95% of Keysight Technologies worth $246,098,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KEYS. Central Pacific Bank Trust Division boosted its position in shares of Keysight Technologies by 97.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Keysight Technologies by 241.8% during the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in Keysight Technologies during the 1st quarter worth approximately $51,000. Finally, Quarry LP raised its stake in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after buying an additional 284 shares during the period. Institutional investors own 84.58% of the company's stock.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,589 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the completion of the transaction, the director directly owned 42,160 shares of the company's stock, valued at approximately $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the completion of the transaction, the senior vice president directly owned 36,986 shares of the company's stock, valued at $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 in the last quarter. Insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

Shares of KEYS traded up $0.13 on Monday, reaching $166.58. 651,967 shares of the company's stock traded hands, compared to its average volume of 735,943. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. The stock has a market cap of $28.67 billion, a PE ratio of 39.10, a PEG ratio of 2.26 and a beta of 1.09. The stock's 50 day simple moving average is $162.13 and its two-hundred day simple moving average is $158.85. Keysight Technologies Inc. has a 52-week low of $119.72 and a 52-week high of $186.20.

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 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $1.41 earnings per share. Keysight Technologies's revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KEYS has been the topic of a number of research reports. Morgan Stanley upped their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Bank of America raised Keysight Technologies from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $170.00 to $175.00 in a research note on Monday, July 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Keysight Technologies presently has an average 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.