Two Sigma Advisers LP Sells 11,700 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Two Sigma Advisers LP reduced its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 39.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,300 shares of the scientific and technical instruments company's stock after selling 11,700 shares during the quarter. Two Sigma Advisers LP's holdings in Keysight Technologies were worth $2,940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of Keysight Technologies by 100.8% during the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock worth $43,000 after buying an additional 133 shares during the period. Quarry LP boosted its position in shares of Keysight Technologies by 188.1% during the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after buying an additional 284 shares during the period. Huntington National Bank boosted its position in Keysight Technologies by 37.4% during the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company's stock valued at $127,000 after purchasing an additional 216 shares during the last quarter. Principal Securities Inc. boosted its position in Keysight Technologies by 45.0% during the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company's stock valued at $134,000 after purchasing an additional 259 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Keysight Technologies by 45.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the scientific and technical instruments company's stock valued at $155,000 after purchasing an additional 300 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Robert W. Baird increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley raised their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. 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 note on Thursday, May 22nd. Finally, Wall Street Zen lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Keysight Technologies presently has an average rating of "Moderate Buy" and an average price target of $183.00.

Keysight Technologies Price Performance

Shares of KEYS traded down $0.13 during midday trading on Thursday, hitting $158.41. The company's stock had a trading volume of 973,621 shares, compared to its average volume of 1,135,582. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The company's fifty day simple moving average is $147.83 and its two-hundred day simple moving average is $159.63. 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 stock has a market capitalization of $27.37 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. Keysight Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. As a group, equities analysts expect that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

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 value of $562,960.00. Following the transaction, the chief financial officer now directly owns 115,063 shares of the company's stock, valued at $17,834,765. The trade was a 3.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard P. Hamada sold 1,589 shares of the business'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 completion of the transaction, the director now directly owns 42,160 shares in the company, valued at $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

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.