Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,280 shares of the scientific and technical instruments company's stock after selling 12,795 shares during the period. USS Investment Management Ltd's holdings in Keysight Technologies were worth $5,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Waverly Advisors LLC purchased a new position in Keysight Technologies during the fourth quarter worth $295,000. Worldquant Millennium Advisors LLC boosted its stake in Keysight Technologies by 135.0% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 84,552 shares of the scientific and technical instruments company's stock worth $13,582,000 after buying an additional 48,575 shares during the period. iSAM Funds UK Ltd purchased a new position in Keysight Technologies during the fourth quarter worth $460,000. Vident Advisory LLC boosted its stake in Keysight Technologies by 24.2% during the fourth quarter. Vident Advisory LLC now owns 3,228 shares of the scientific and technical instruments company's stock worth $519,000 after buying an additional 630 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Keysight Technologies by 366.9% during the fourth quarter. Squarepoint Ops LLC now owns 4,664 shares of the scientific and technical instruments company's stock worth $749,000 after buying an additional 3,665 shares during the period. Institutional investors own 84.58% of the company's stock.

Insider Activity at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,589 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,829,920. This trade represents a 3.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neil Dougherty sold 3,632 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the sale, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KEYS has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Morgan Stanley boosted their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Robert W. Baird boosted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Bank of America boosted their target price on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $183.00.

Keysight Technologies Stock Down 0.4%

Shares of KEYS stock traded down $0.73 on Wednesday, hitting $161.53. The stock had a trading volume of 221,359 shares, compared to its average volume of 1,132,525. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $147.76 and a 200 day moving average price of $159.68. The company has a market cap of $27.91 billion, a PE ratio of 46.17, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. Research analysts anticipate that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

About Keysight Technologies

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.