First Hawaiian Bank Cuts Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

First Hawaiian Bank decreased its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 43.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,304 shares of the scientific and technical instruments company's stock after selling 4,917 shares during the period. First Hawaiian Bank's holdings in Keysight Technologies were worth $944,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Keysight Technologies by 3.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock valued at $314,000 after acquiring an additional 61 shares in the last quarter. Caprock Group LLC grew its stake in Keysight Technologies by 2.2% in the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company's stock valued at $502,000 after purchasing an additional 66 shares during the period. Signaturefd LLC grew its stake in Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock valued at $387,000 after purchasing an additional 66 shares during the period. OLD National Bancorp IN increased its position in shares of Keysight Technologies by 3.3% during the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company's stock valued at $340,000 after purchasing an additional 68 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Keysight Technologies by 5.1% during the 4th quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company's stock worth $262,000 after purchasing an additional 79 shares during the period. Institutional investors own 84.58% of the company's stock.

Insiders Place Their Bets

In other news, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the transaction, the chief financial officer now owns 115,063 shares of the company's stock, valued at approximately $17,834,765. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 36,986 shares in the company, valued at $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,247 shares of company stock worth $2,086,720 in the last ninety days. 0.61% of the stock is currently owned by insiders.

Keysight Technologies Price Performance

Shares of KEYS stock traded up $0.30 during trading hours on Wednesday, reaching $161.09. The stock had a trading volume of 689,572 shares, compared to its average volume of 1,126,002. The stock's fifty day simple moving average is $148.16 and its 200 day simple moving average is $159.74. The firm has a market capitalization of $27.84 billion, a PE ratio of 46.03, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its 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 analysts' expectations of $1.28 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. 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 company posted $1.41 EPS. On average, equities research analysts predict that Keysight Technologies, Inc. will post 6.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KEYS. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Bank of America upped their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Robert W. Baird boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $183.00.

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.