US Bancorp DE Cuts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

US Bancorp DE reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 10.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 51,318 shares of the scientific and technical instruments company's stock after selling 5,833 shares during the quarter. US Bancorp DE's holdings in Keysight Technologies were worth $8,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KEYS. Meeder Asset Management Inc. bought a new stake in Keysight Technologies in the second quarter worth about $27,000. Family Firm Inc. purchased a new stake in shares of Keysight Technologies during the second quarter valued at $30,000. Larson Financial Group LLC bought a new position in shares of Keysight Technologies in the first quarter worth about $31,000. American National Bank & Trust purchased a new position in Keysight Technologies in the 3rd quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Keysight Technologies by 262.9% during 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 buying an additional 184 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KEYS shares. JPMorgan Chase & Co. raised 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. Barclays upgraded Keysight Technologies from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $158.00 to $180.00 in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price target on Keysight Technologies from $163.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Robert W. Baird decreased their price objective 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, Vertical Research initiated coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $170.89.

Keysight Technologies Trading Up 1.3 %

KEYS traded up $2.01 on Monday, hitting $153.56. The company had a trading volume of 1,127,427 shares, compared to its average volume of 1,175,845. The company's fifty day moving average price is $153.63 and its 200 day moving average price is $145.09. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $162.51. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The firm has a market cap of $26.65 billion, a P/E ratio of 29.60, a PEG ratio of 4.98 and a beta of 0.98.

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 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion for 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%. The firm's revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 earnings per share. As a group, equities analysts expect that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the business's stock in a transaction 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 directly owns 42,160 shares of the company's stock, valued at $6,576,960. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.