Two Sigma Investments LP Sells 26,337 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Two Sigma Investments LP decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,686 shares of the scientific and technical instruments company's stock after selling 26,337 shares during the quarter. Two Sigma Investments LP's holdings in Keysight Technologies were worth $4,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of KEYS. Kovitz Investment Group Partners LLC grew its position in shares of Keysight Technologies by 364.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after buying an additional 3,650,953 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Keysight Technologies by 29.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock worth $2,588,546,000 after buying an additional 3,621,349 shares during the period. Norges Bank acquired a new stake in shares of Keysight Technologies during the 4th quarter worth approximately $320,707,000. Point72 Asset Management L.P. grew its position in Keysight Technologies by 343.6% in the 4th quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock valued at $161,946,000 after purchasing an additional 780,893 shares during the period. Finally, Boston Partners grew its position in Keysight Technologies by 21.7% in the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock valued at $637,125,000 after purchasing an additional 704,920 shares during the period. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Price Performance

KEYS stock traded down $0.13 during mid-day trading on Thursday, reaching $158.41. 973,621 shares of the company traded hands, compared to its average volume of 1,135,582. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The company has a market capitalization of $27.37 billion, a P/E ratio of 45.26, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The company has a fifty day moving average price of $147.83 and a 200-day moving average price of $159.63.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced 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. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. As a group, analysts anticipate that Keysight Technologies, Inc. will post 6.32 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on KEYS shares. Wall Street Zen downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. 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 note on Tuesday, May 13th. Robert W. Baird lifted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Bank of America lifted 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, JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Insider Activity

In related news, Director Richard P. Hamada sold 1,589 shares of the company's stock in a transaction on 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 owns 42,160 shares of the company's stock, valued at approximately $6,829,920. This represents a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction on 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 sale, the chief financial officer now owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Company 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.