Oppenheimer & Co. Inc. Trims Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Oppenheimer & Co. Inc. reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,872 shares of the scientific and technical instruments company's stock after selling 6,553 shares during the period. Oppenheimer & Co. Inc.'s holdings in Keysight Technologies were worth $6,973,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Keysight Technologies in the 2nd quarter valued at $27,000. Family Firm Inc. bought a new stake in shares of Keysight Technologies during the second quarter worth about $30,000. American National Bank & Trust bought a new stake in shares of Keysight Technologies during the third quarter worth about $31,000. GPS Wealth Strategies Group LLC raised its holdings 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 worth $35,000 after acquiring an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position 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 valued at $43,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird lowered their price objective on Keysight Technologies from $167.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Bank of America raised their price objective on Keysight Technologies from $135.00 to $150.00 and gave the company an "underperform" rating in a research note on Wednesday, August 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $175.00 price objective on the stock. Wells Fargo & Company reiterated an "overweight" rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.89.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock traded down $3.65 during trading hours on Thursday, reaching $153.66. The company had a trading volume of 1,223,388 shares, compared to its average volume of 1,173,706. The business has a fifty day simple moving average of $155.05 and a 200 day simple moving average of $145.93. The firm has a market cap of $26.67 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 4.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $166.28.

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 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business'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. On average, analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business'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 value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

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.