Jennison Associates LLC Sells 1,614,248 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Jennison Associates LLC lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 42.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,152,361 shares of the scientific and technical instruments company's stock after selling 1,614,248 shares during the period. Jennison Associates LLC owned approximately 1.24% of Keysight Technologies worth $342,075,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Keysight Technologies in the second quarter worth about $27,000. Family Firm Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter valued at $30,000. American National Bank & Trust acquired a new stake in shares of Keysight Technologies during the 3rd quarter valued at $31,000. GPS Wealth Strategies Group LLC grew its position in Keysight Technologies by 262.9% during 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 acquiring an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Keysight Technologies by 842.4% in the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company's stock valued at $43,000 after purchasing an additional 278 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Keysight Technologies Stock Performance

KEYS traded up $12.41 during trading on Wednesday, hitting $164.54. 2,377,748 shares of the company traded hands, compared to its average volume of 1,187,843. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $167.99. The stock's fifty day moving average is $155.38 and its 200 day moving average is $145.97. The firm has a market cap of $28.55 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 4.38 and a beta of 0.98. 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 - Get Free Report) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the business posted $2.04 earnings per share. As a group, equities analysts predict that Keysight Technologies, Inc. will post 5.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Keysight Technologies from $163.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley upped their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday. StockNews.com raised shares of Keysight Technologies from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Keysight Technologies from $175.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Bank of America lifted their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $177.30.

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.