Sumitomo Life Insurance Co. Has $1.70 Million Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Life Insurance Co. reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 28.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,704 shares of the scientific and technical instruments company's stock after selling 4,175 shares during the period. Sumitomo Life Insurance Co.'s holdings in Keysight Technologies were worth $1,701,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Keysight Technologies during the first quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in Keysight Technologies during the second quarter worth about $27,000. Family Firm Inc. acquired a new position in Keysight Technologies during the second quarter worth about $30,000. Larson Financial Group LLC acquired a new position in Keysight Technologies during the first quarter worth about $31,000. Finally, American National Bank & Trust acquired a new position in Keysight Technologies during the third quarter worth about $31,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were 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 directly owns 42,160 shares of the company's stock, valued at $6,576,960. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KEYS shares. Robert W. Baird lowered their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, August 26th. 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 research report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, August 21st. Finally, Bank of America increased their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an "underperform" rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Keysight Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.67.

Keysight Technologies Trading Up 0.6 %

Shares of KEYS stock traded up $0.93 during mid-day trading on Thursday, reaching $158.18. The company's stock had a trading volume of 893,475 shares, compared to its average volume of 1,194,401. The company's 50 day simple moving average is $149.22 and its 200-day simple moving average is $145.23. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $27.61 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 5.28 and a beta of 0.97.

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