Versor Investments LP Sells 7,350 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Versor Investments LP lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 71.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,902 shares of the scientific and technical instruments company's stock after selling 7,350 shares during the period. Versor Investments LP's holdings in Keysight Technologies were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Swedbank AB grew its holdings in shares of Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock valued at $702,671,000 after purchasing an additional 292,372 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Keysight Technologies by 352.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company's stock valued at $494,299,000 after buying an additional 2,462,543 shares in the last quarter. Capital World Investors purchased a new stake in shares of Keysight Technologies in the 1st quarter valued at about $250,097,000. Van ECK Associates Corp raised its stake in shares of Keysight Technologies by 6.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company's stock worth $188,540,000 after buying an additional 79,774 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Keysight Technologies by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 1,141,274 shares of the scientific and technical instruments company's stock worth $178,473,000 after acquiring an additional 42,126 shares during the period. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analyst Ratings Changes

KEYS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 21st. Barclays raised Keysight Technologies from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $158.00 to $180.00 in a report on Monday, November 4th. Bank of America lifted their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an "underperform" rating in a research note on Wednesday, August 21st. Robert W. Baird cut their target price 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. Finally, Susquehanna lowered their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a "positive" rating on the stock in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $170.89.

Keysight Technologies Stock Down 2.8 %

Shares of KEYS traded down $4.31 during mid-day trading on Friday, hitting $149.37. 1,226,972 shares of the company's stock were exchanged, compared to its average volume of 1,173,947. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 4.65 and a beta of 0.98. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $166.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The stock's 50-day moving average is $155.05 and its 200-day moving average is $145.93.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business's revenue was down 11.9% on a year-over-year basis. During the same period last year, the business earned $2.04 EPS. On average, sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.