Sumitomo Mitsui DS Asset Management Company Ltd Sells 14,939 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 32.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,654 shares of the scientific and technical instruments company's stock after selling 14,939 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Keysight Technologies were worth $5,031,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Cardinal Capital Management grew its position in Keysight Technologies by 1.1% during the 3rd quarter. Cardinal Capital Management now owns 38,900 shares of the scientific and technical instruments company's stock worth $6,182,000 after acquiring an additional 410 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Keysight Technologies by 1.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company's stock worth $171,830,000 after buying an additional 10,579 shares in the last quarter. Swedbank AB lifted its holdings in Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock worth $702,671,000 after buying an additional 292,372 shares in the last quarter. Creative Planning lifted its holdings in Keysight Technologies by 11.4% during the 3rd quarter. Creative Planning now owns 20,874 shares of the scientific and technical instruments company's stock worth $3,318,000 after buying an additional 2,138 shares in the last quarter. Finally, Willis Investment Counsel lifted its stake in shares of Keysight Technologies by 1.6% in the 3rd quarter. Willis Investment Counsel now owns 73,486 shares of the scientific and technical instruments company's stock valued at $11,679,000 after purchasing an additional 1,152 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the firm's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, 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 owned by corporate insiders.

Keysight Technologies Stock Up 1.1 %

Shares of NYSE KEYS traded up $1.78 during mid-day trading on Friday, hitting $159.95. The company had a trading volume of 940,769 shares, compared to its average volume of 1,193,145. The company has a market capitalization of $27.92 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 5.28 and a beta of 0.97. The firm has a 50-day simple moving average of $150.66 and a two-hundred day simple moving average of $145.22. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a one year low of $118.57 and a one year 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 for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. On average, equities analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $163.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $180.00 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 21st. Robert W. Baird lowered their target price on Keysight Technologies from $167.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Finally, Susquehanna lowered their target price on Keysight Technologies from $195.00 to $185.00 and set a "positive" rating for the company in a 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.67.

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.