OneDigital Investment Advisors LLC Sells 29,091 Shares of Keysight Technologies Inc. (NYSE:KEYS)

OneDigital Investment Advisors LLC cut its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 91.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,810 shares of the scientific and technical instruments company's stock after selling 29,091 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Keysight Technologies were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KEYS. Vanguard Group Inc. increased its stake in Keysight Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company's stock valued at $3,352,932,000 after acquiring an additional 55,223 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Keysight Technologies by 29.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock valued at $2,588,546,000 after purchasing an additional 3,621,349 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Keysight Technologies by 364.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after purchasing an additional 3,650,953 shares during the period. Geode Capital Management LLC lifted its position in shares of Keysight Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock worth $708,349,000 after buying an additional 17,213 shares during the period. Finally, Boston Partners lifted its position in shares of Keysight Technologies by 21.7% during the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock worth $637,125,000 after buying an additional 704,920 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America increased their price objective on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research note on Thursday, May 22nd. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Morgan Stanley boosted their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. upped their price objective 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. 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Insiders Place Their Bets

In other Keysight Technologies news, SVP John Page sold 7,368 shares of the business's stock in a transaction dated Friday, May 30th. The stock was 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 directly owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. The trade was a 16.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the completion of the transaction, the chief executive officer directly owned 115,576 shares in the company, valued at $18,235,581.28. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,830 shares of company stock valued at $5,124,049 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS traded down $0.20 during trading on Monday, reaching $163.49. The company had a trading volume of 612,137 shares, compared to its average volume of 1,098,779. Keysight Technologies Inc. has a 52 week low of $119.72 and a 52 week high of $186.20. The business's 50 day moving average price is $160.78 and its 200-day moving average price is $158.78. The stock has a market cap of $28.14 billion, a PE ratio of 38.38, a PEG ratio of 2.23 and a beta of 1.09. 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 posted its quarterly earnings data 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 firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. Keysight Technologies's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 EPS. Analysts expect 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.