Raymond James Financial Services Advisors Inc. Cuts Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 75.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,140 shares of the scientific and technical instruments company's stock after selling 414,787 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.08% of Keysight Technologies worth $21,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA grew its holdings in Keysight Technologies by 17.8% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,977 shares of the scientific and technical instruments company's stock valued at $6,201,000 after buying an additional 5,883 shares during the period. SG Americas Securities LLC lifted its stake in shares of Keysight Technologies by 391.5% in the 4th quarter. SG Americas Securities LLC now owns 20,122 shares of the scientific and technical instruments company's stock valued at $3,201,000 after purchasing an additional 16,028 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Keysight Technologies by 3.9% in the 4th quarter. Archford Capital Strategies LLC now owns 3,352 shares of the scientific and technical instruments company's stock valued at $533,000 after purchasing an additional 125 shares in the last quarter. CX Institutional acquired a new position in shares of Keysight Technologies in the 4th quarter valued at about $454,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Keysight Technologies by 12.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,519 shares of the scientific and technical instruments company's stock valued at $242,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insider Buying and Selling

In related news, SVP Kailash Narayanan sold 4,300 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $4,457,369.28. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KEYS shares. Barclays lifted their price objective on Keysight Technologies from $134.00 to $141.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 21st. TheStreet raised Keysight Technologies from a "c+" rating to a "b-" rating in a research note on Wednesday, December 13th. Citigroup boosted their price target on Keysight Technologies from $157.00 to $168.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered Keysight Technologies from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Keysight Technologies currently has a consensus rating of "Hold" and an average target price of $160.63.

Keysight Technologies Stock Up 0.3 %

Shares of KEYS traded up $0.54 during trading on Friday, reaching $156.38. The company's stock had a trading volume of 1,322,553 shares, compared to its average volume of 1,283,004. The company has a fifty day moving average of $154.39 and a two-hundred day moving average of $143.75. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $172.72. The company has a market cap of $27.30 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 7.15 and a beta of 1.05. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $1.72 EPS. The business's quarterly revenue was down 8.8% on a year-over-year basis. On average, sell-side analysts predict that Keysight Technologies, Inc. will post 5.39 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.