Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Overbrook Management Corp

Overbrook Management Corp reduced its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,557 shares of the scientific and technical instruments company’s stock after selling 3,160 shares during the period. Keysight Technologies comprises 2.9% of Overbrook Management Corp’s holdings, making the stock its 16th biggest position. Overbrook Management Corp’s holdings in Keysight Technologies were worth $14,407,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Trust Investment Advisors boosted its holdings in shares of Keysight Technologies by 1.8% in the 4th quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock valued at $664,000 after acquiring an additional 75 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Keysight Technologies by 31.5% in 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 acquiring an additional 82 shares during the last quarter. Guinness Asset Management LTD boosted its holdings in shares of Keysight Technologies by 2.8% in the 3rd quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock valued at $422,000 after acquiring an additional 88 shares during the last quarter. Princeton Capital Management LLC boosted its holdings in shares of Keysight Technologies by 1.6% in the 3rd quarter. Princeton Capital Management LLC now owns 6,488 shares of the scientific and technical instruments company’s stock valued at $858,000 after acquiring an additional 104 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of Keysight Technologies by 7.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,603 shares of the scientific and technical instruments company’s stock valued at $212,000 after acquiring an additional 106 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Barclays increased their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. Finally, Citigroup increased their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Hold” and an average target price of $160.63.

Keysight Technologies Price Performance

KEYS traded up $0.83 during midday trading on Thursday, hitting $147.43. 688,431 shares of the company traded hands, compared to its average volume of 1,231,435. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $25.74 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 6.65 and a beta of 1.05. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The business has a 50 day simple moving average of $153.14 and a two-hundred day simple moving average of $146.53.

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

Insider Buying and Selling at Keysight Technologies

In other news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

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.