Everence Capital Management Inc. Sells 23,720 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Everence Capital Management Inc. lowered its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 78.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,611 shares of the scientific and technical instruments company's stock after selling 23,720 shares during the quarter. Everence Capital Management Inc.'s holdings in Keysight Technologies were worth $1,051,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. American National Bank & Trust bought a new stake in Keysight Technologies in the third quarter worth $31,000. Meeder Asset Management Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new stake in Keysight Technologies in the 1st quarter worth approximately $31,000. Family Firm Inc. acquired a new stake in Keysight Technologies in the 2nd quarter worth approximately $30,000. Finally, GPS Wealth Strategies Group LLC boosted its position in Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 184 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded down $2.10 during trading hours on Monday, reaching $157.85. The stock had a trading volume of 851,283 shares, compared to its average volume of 1,191,460. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $162.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The business's fifty day moving average is $150.66 and its two-hundred day moving average is $145.22. The company has a market cap of $27.55 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 5.28 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $2.04 EPS. As a group, research analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KEYS shares. Vertical Research initiated coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $175.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Bank of America boosted their price objective on Keysight Technologies from $135.00 to $150.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a "buy" rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.67.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

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.