Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by MAI Capital Management

MAI Capital Management cut its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 23.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,148 shares of the scientific and technical instruments company’s stock after selling 1,620 shares during the period. MAI Capital Management’s holdings in Keysight Technologies were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. American National Bank & Trust acquired a new stake in shares of Keysight Technologies during the third quarter worth $31,000. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth about $27,000. Family Firm Inc. purchased a new stake in Keysight Technologies in the second quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC increased its holdings in Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 184 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Keysight Technologies by 842.4% in the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

KEYS has been the topic of several recent research reports. Bank of America upped their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Morgan Stanley boosted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and an average price target of $177.30.

Keysight Technologies Stock Up 2.7 %

Shares of KEYS opened at $169.99 on Friday. The company’s 50-day moving average price is $155.72 and its 200 day moving average price is $146.10. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $170.52. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The firm has a market cap of $29.50 billion, a P/E ratio of 48.57, a price-to-earnings-growth ratio of 4.46 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.34%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 EPS. On average, sell-side analysts forecast that Keysight Technologies, Inc. will post 6.18 earnings per share for the current year.

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.