Madison Asset Management LLC Sells 8,073 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Madison Asset Management LLC trimmed its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 540,801 shares of the scientific and technical instruments company's stock after selling 8,073 shares during the quarter. Madison Asset Management LLC owned 0.31% of Keysight Technologies worth $80,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of KEYS. Praxis Investment Management Inc. lifted its position in shares of Keysight Technologies by 45.8% in the first quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock worth $954,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in Keysight Technologies by 142.8% in the first quarter. GAMMA Investing LLC now owns 5,012 shares of the scientific and technical instruments company's stock worth $751,000 after buying an additional 2,948 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Keysight Technologies by 3.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock worth $7,828,000 after buying an additional 1,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Keysight Technologies by 19.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,730 shares of the scientific and technical instruments company's stock worth $1,906,000 after buying an additional 2,106 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Keysight Technologies by 18.9% in the first quarter. Exchange Traded Concepts LLC now owns 1,752 shares of the scientific and technical instruments company's stock worth $262,000 after buying an additional 279 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on KEYS shares. Bank of America upgraded 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 report on Monday, July 21st. Morgan Stanley increased their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, 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 report on Thursday, July 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Keysight Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $187.50.

Insiders Place Their Bets

In other news, SVP John Page sold 7,368 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $1,162,523.04. Following the sale, the senior vice president owned 36,986 shares in the company, valued at approximately $5,835,651.08. This trade represents a 16.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the sale, the senior vice president owned 108,590 shares in the company, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,830 shares of company stock valued at $5,124,049 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Keysight Technologies Stock Performance

KEYS stock traded up $0.81 during midday trading on Friday, hitting $166.42. 766,651 shares of the company traded hands, compared to its average volume of 753,801. Keysight Technologies Inc. has a twelve month low of $119.72 and a twelve month high of $186.20. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The business has a 50 day simple moving average of $162.13 and a 200-day simple moving average of $158.93. The stock has a market capitalization of $28.64 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.

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

Keysight Technologies 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.