Saturna Capital Corp Reduces Stock Position in Keysight Technologies Inc. (NYSE:KEYS)

Saturna Capital Corp reduced its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 856,383 shares of the scientific and technical instruments company's stock after selling 11,382 shares during the quarter. Keysight Technologies comprises about 1.9% of Saturna Capital Corp's portfolio, making the stock its 21st biggest position. Saturna Capital Corp owned approximately 0.50% of Keysight Technologies worth $128,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Keysight Technologies by 2.8% during the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock worth $387,000 after purchasing an additional 66 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Keysight Technologies by 39.9% in the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after acquiring an additional 75 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Keysight Technologies by 9.1% in the first quarter. Principal Securities Inc. now owns 910 shares of the scientific and technical instruments company's stock valued at $146,000 after acquiring an additional 76 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Keysight Technologies by 14.2% in the first quarter. Pinnacle Bancorp Inc. now owns 669 shares of the scientific and technical instruments company's stock valued at $100,000 after acquiring an additional 83 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in shares of Keysight Technologies by 4.8% in the first quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company's stock valued at $277,000 after acquiring an additional 85 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on KEYS shares. Bank of America increased their target price on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research report on Thursday, May 22nd. Morgan Stanley lifted 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. Wall Street Zen lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, JPMorgan Chase & Co. raised their target price on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $185.56.

Keysight Technologies Trading Down 0.4%

KEYS stock traded down $0.64 during midday trading on Friday, reaching $162.42. 703,764 shares of the company traded hands, compared to its average volume of 1,090,988. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 2.21 and a beta of 1.09. The business has a 50 day moving average of $162.01 and a 200-day moving average of $158.83. Keysight Technologies Inc. has a 52-week low of $119.72 and a 52-week 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.

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

Insider Activity

In related news, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the sale, the senior vice president directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Neil Dougherty sold 12,215 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the transaction, the chief financial officer owned 115,228 shares in the company, valued at approximately $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,830 shares of company stock worth $5,124,049. 0.61% of the stock is currently owned by corporate insiders.

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.