DekaBank Deutsche Girozentrale Decreases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

DekaBank Deutsche Girozentrale decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,169 shares of the scientific and technical instruments company's stock after selling 65,448 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.10% of Keysight Technologies worth $28,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in Keysight Technologies during the third quarter valued at about $25,000. OFI Invest Asset Management acquired a new position in shares of Keysight Technologies in the 3rd quarter worth approximately $26,000. Quarry LP bought a new stake in Keysight Technologies during the second quarter worth approximately $27,000. VitalStone Financial LLC acquired a new position in Keysight Technologies in the first quarter worth approximately $35,000. Finally, Vestor Capital LLC acquired a new stake in shares of Keysight Technologies during the 2nd quarter valued at $40,000. 84.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded up $1.52 during mid-day trading on Monday, hitting $158.75. The company had a trading volume of 1,375,579 shares, compared to its average volume of 1,222,530. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The firm has a market cap of $27.71 billion, a P/E ratio of 28.85, a PEG ratio of 7.12 and a beta of 1.05. The business's 50-day simple moving average is $154.39 and its 200-day simple moving average is $144.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company's quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the company earned $1.72 EPS. As a group, analysts predict that Keysight Technologies, Inc. will post 5.4 earnings per share 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.