Keysight Technologies Inc. (NYSE:KEYS) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 76.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,345 shares of the scientific and technical instruments company's stock after selling 23,202 shares during the period. Y Intercept Hong Kong Ltd's holdings in Keysight Technologies were worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Central Pacific Bank Trust Division raised its holdings in Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 90 shares during the period. Private Trust Co. NA increased its position in shares of Keysight Technologies by 39.9% during the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after acquiring an additional 75 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Keysight Technologies by 241.8% during the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after acquiring an additional 191 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies during the first quarter valued at about $51,000. Finally, Quarry LP increased 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 valued at $70,000 after acquiring an additional 284 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the transaction, the senior vice president owned 108,590 shares of the company's stock, valued at $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satish Dhanasekaran sold 658 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the completion of the transaction, the chief executive officer 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 sold a total of 31,830 shares of company stock valued at $5,124,049 in the last quarter. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

KEYS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Morgan Stanley increased their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Bank of America raised Keysight Technologies from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $170.00 to $175.00 in a research note on Monday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.50.

Keysight Technologies Stock Performance

KEYS traded up $0.81 on Friday, reaching $166.42. The company had a trading volume of 766,651 shares, compared to its average volume of 753,801. The stock has a 50-day moving average price of $162.11 and a 200-day moving average price of $158.92. The stock has a market capitalization of $28.64 billion, a PE ratio of 39.07, a P/E/G ratio of 2.25 and a beta of 1.09. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. The company 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 19.65% and a net margin of 14.50%. The firm's 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 earnings per share. As a group, research analysts forecast that Keysight Technologies Inc. will post 6.32 EPS 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.