Community Trust & Investment Co. Trims Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Community Trust & Investment Co. cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.2% during the first quarter, HoldingsChannel.com reports. The fund owned 113,571 shares of the scientific and technical instruments company’s stock after selling 247 shares during the quarter. Community Trust & Investment Co.’s holdings in Keysight Technologies were worth $17,010,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KEYS. Central Pacific Bank Trust Division increased its holdings in Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 90 shares during the period. Venturi Wealth Management LLC boosted its stake in Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 133 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Keysight Technologies by 241.8% in the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 191 shares in the last quarter. Quarry LP boosted its stake in Keysight Technologies by 188.1% in the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock valued at $70,000 after acquiring an additional 284 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Keysight Technologies by 37.4% in the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock valued at $127,000 after acquiring an additional 216 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,589 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the completion of the transaction, the director now directly owns 42,160 shares in the company, valued at $6,829,920. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the transaction, the chief executive officer now owns 115,576 shares of the company’s stock, valued at $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,247 shares of company stock worth $2,086,720 over the last three months. Company insiders own 0.61% of the company’s stock.

Keysight Technologies Trading Down 2.4%

NYSE:KEYS opened at $158.18 on Monday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The firm has a fifty day simple moving average of $151.34 and a 200-day simple moving average of $159.46. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $27.22 billion, a P/E ratio of 45.19, a PEG ratio of 2.41 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, equities research analysts anticipate that Keysight Technologies, Inc. will post 6.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KEYS. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Robert W. Baird raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Bank of America lifted their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.00.

Keysight Technologies Company 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.