Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in Keysight Technologies, Inc. (NYSE:KEYS) by 16.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 396,913 shares of the scientific and technical instruments company’s stock after selling 79,960 shares during the period. TD Asset Management Inc’s holdings in Keysight Technologies were worth $54,278,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Brown Shipley& Co Ltd raised its position in shares of Keysight Technologies by 1.0% in the fourth quarter. Brown Shipley& Co Ltd now owns 6,452 shares of the scientific and technical instruments company’s stock worth $1,026,000 after acquiring an additional 67 shares during the period. Park Avenue Securities LLC raised its position in shares of Keysight Technologies by 0.9% in the first quarter. Park Avenue Securities LLC now owns 7,830 shares of the scientific and technical instruments company’s stock worth $1,224,000 after acquiring an additional 71 shares during the period. Ferguson Wellman Capital Management Inc. raised its position in shares of Keysight Technologies by 0.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company’s stock worth $1,737,000 after acquiring an additional 73 shares during the period. Wedmont Private Capital raised its position in shares of Keysight Technologies by 2.8% during the 2nd quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock worth $391,000 after purchasing an additional 74 shares during the last quarter. Finally, Diversified LLC raised its position in shares of Keysight Technologies by 3.6% during the 2nd quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock worth $309,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Keysight Technologies stock opened at $143.11 on Friday. The firm has a 50 day simple moving average of $139.33 and a 200-day simple moving average of $145.08. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 5.23 and a beta of 0.95.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company posted $2.04 EPS. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KEYS shares. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Robert W. Baird reduced their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Susquehanna reduced their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.40.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Lisa M. Poole sold 440 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies 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.