E Fund Management Co. Ltd. Lowers Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

E Fund Management Co. Ltd. decreased its position in Keysight Technologies, Inc. (NYSE:KEYS) by 9.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,471 shares of the scientific and technical instruments company’s stock after selling 149 shares during the period. E Fund Management Co. Ltd.’s holdings in Keysight Technologies were worth $234,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of KEYS. Ancora Advisors LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at about $25,000. OFI Invest Asset Management purchased a new stake in shares of Keysight Technologies in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its stake in shares of Keysight Technologies by 145.9% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 159 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Keysight Technologies by 31.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after buying an additional 82 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Keysight Technologies in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Keysight Technologies Price Performance

NYSE KEYS traded up $0.21 during trading hours on Thursday, hitting $151.01. 653,197 shares of the company’s stock traded hands, compared to its average volume of 1,192,776. The company has a market capitalization of $26.36 billion, a PE ratio of 27.71, a PEG ratio of 6.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The firm’s 50-day moving average is $152.44 and its 200-day moving average is $147.91.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $1.72 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Barclays upped their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $160.63.

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.