RMR Wealth Builders Sells 325 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

RMR Wealth Builders lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 10.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,674 shares of the scientific and technical instruments company’s stock after selling 325 shares during the period. RMR Wealth Builders’ holdings in Keysight Technologies were worth $425,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in shares of Keysight Technologies during the fourth quarter worth about $395,789,000. Van ECK Associates Corp raised its stake in shares of Keysight Technologies by 105.5% in the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock worth $379,134,000 after purchasing an additional 1,223,694 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Keysight Technologies by 5.2% in the third quarter. Northern Trust Corp now owns 2,069,120 shares of the scientific and technical instruments company’s stock valued at $273,765,000 after purchasing an additional 102,420 shares in the last quarter. Invesco Ltd. boosted its position in shares of Keysight Technologies by 16.6% during the third quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock valued at $229,203,000 after buying an additional 247,250 shares during the last quarter. Finally, Morgan Stanley raised its position in Keysight Technologies by 3.7% in the 3rd quarter. Morgan Stanley now owns 1,688,735 shares of the scientific and technical instruments company’s stock valued at $223,437,000 after buying an additional 60,158 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Keysight Technologies Stock Performance

Shares of KEYS traded up $0.70 during mid-day trading on Wednesday, hitting $150.80. The stock had a trading volume of 1,307,355 shares, compared to its average volume of 1,198,838. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The business has a fifty day moving average price of $152.44 and a 200-day moving average price of $147.91. The firm has a market cap of $26.32 billion, a P/E ratio of 27.67, a PEG ratio of 6.76 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 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 in the prior year, the firm earned $1.72 earnings per share. On average, equities research analysts expect that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

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.