Assetmark Inc. Sells 33,190 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Assetmark Inc. decreased its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 97.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 946 shares of the scientific and technical instruments company's stock after selling 33,190 shares during the period. Assetmark Inc.'s holdings in Keysight Technologies were worth $150,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of KEYS. Rovin Capital UT ADV lifted its holdings in Keysight Technologies by 7.0% during the third quarter. Rovin Capital UT ADV now owns 2,333 shares of the scientific and technical instruments company's stock valued at $371,000 after purchasing an additional 152 shares during the last quarter. Executive Wealth Management LLC purchased a new stake in shares of Keysight Technologies during the 3rd quarter valued at approximately $205,000. Principal Financial Group Inc. boosted its stake in Keysight Technologies by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 239,720 shares of the scientific and technical instruments company's stock worth $38,099,000 after purchasing an additional 6,241 shares during the period. Malaga Cove Capital LLC purchased a new position in Keysight Technologies during the 3rd quarter valued at about $292,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of Keysight Technologies by 5.0% during the third quarter. Concurrent Investment Advisors LLC now owns 8,136 shares of the scientific and technical instruments company's stock valued at $1,293,000 after buying an additional 386 shares during the period. 84.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 42,160 shares of the company's stock, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on KEYS shares. Vertical Research assumed coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $175.00 price objective for the company. 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 report on Monday, August 26th. Robert W. Baird dropped their price objective on Keysight Technologies from $167.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. StockNews.com upgraded Keysight Technologies from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Barclays raised Keysight Technologies from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $158.00 to $180.00 in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.89.

Keysight Technologies Trading Up 1.4 %

KEYS traded up $2.05 during midday trading on Monday, reaching $151.42. 1,873,827 shares of the company's stock traded hands, compared to its average volume of 1,177,332. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $166.28. 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 firm has a fifty day moving average of $155.17 and a two-hundred day moving average of $145.91. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 4.36 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $2.04 earnings per share. The firm's revenue was down 11.9% on a year-over-year basis. On average, equities analysts anticipate that Keysight Technologies, Inc. will post 5.48 earnings per share for the current fiscal year.

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.