Valeo Financial Advisors LLC Has $330,000 Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Valeo Financial Advisors LLC lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 17.3% in the third quarter, HoldingsChannel reports. The firm owned 2,075 shares of the scientific and technical instruments company’s stock after selling 433 shares during the period. Valeo Financial Advisors LLC’s holdings in Keysight Technologies were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Swedbank AB increased its position in shares of Keysight Technologies by 3.8% during the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after acquiring an additional 151,446 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Keysight Technologies by 53.2% in the 1st quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock valued at $596,059,000 after acquiring an additional 1,323,775 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Keysight Technologies by 352.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after purchasing an additional 2,462,543 shares during the last quarter. AMF Tjanstepension AB increased its holdings in Keysight Technologies by 96.0% during the first quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after buying an additional 828,913 shares during the last quarter. Finally, Capital World Investors bought a new stake in shares of Keysight Technologies in the 1st quarter valued at about $250,097,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $158.96 on Tuesday. The company has a 50-day simple moving average of $147.78 and a two-hundred day simple moving average of $145.13. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $162.51. The stock has a market capitalization of $27.74 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 5.28 and a beta of 0.97. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company posted $2.04 earnings per share. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts forecast that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on KEYS shares. Bank of America lifted their price target on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price objective 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, Susquehanna dropped their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

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.