Raymond James & Associates Sells 7,762 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Raymond James & Associates trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,237 shares of the scientific and technical instruments company's stock after selling 7,762 shares during the quarter. Raymond James & Associates owned 0.10% of Keysight Technologies worth $23,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Keysight Technologies during the 1st quarter valued at approximately $25,000. Larson Financial Group LLC acquired a new position in shares of Keysight Technologies in the 1st quarter valued at $31,000. GPS Wealth Strategies Group LLC increased its position in shares of Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 184 shares during the period. Versant Capital Management Inc raised its stake in Keysight Technologies by 842.4% in the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company's stock worth $43,000 after acquiring an additional 278 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Keysight Technologies during the 4th quarter worth about $46,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the stock in a transaction dated 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 $533,928.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Lisa M. Poole sold 440 shares of Keysight Technologies stock in a transaction on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the transaction, the vice president now directly owns 3,913 shares in the company, valued at $533,928.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kevin A. Stephens bought 460 shares of the company's stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $143.35 per share, for a total transaction of $65,941.00. Following the acquisition, the director now directly owns 7,681 shares of the company's stock, valued at $1,101,071.35. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of research reports. Vertical Research assumed coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a "buy" rating and a $175.00 price objective on the stock. Susquehanna lowered their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a "positive" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday. Bank of America raised their target price on Keysight Technologies from $135.00 to $150.00 and gave the company an "underperform" rating in a research report on Wednesday. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $180.00 price target on shares of Keysight Technologies in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies has an average rating of "Moderate Buy" and a consensus target price of $166.30.

Keysight Technologies Trading Down 2.0 %

NYSE KEYS traded down $3.15 on Thursday, reaching $154.66. 1,584,187 shares of the company were exchanged, compared to its average volume of 1,255,823. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. The business's fifty day moving average price is $135.72 and its 200 day moving average price is $145.43. The stock has a market capitalization of $26.99 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 4.58 and a beta of 0.95. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. Keysight Technologies's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Analysts forecast that Keysight Technologies, Inc. will post 5.25 earnings per share for the current year.

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.