Truvestments Capital LLC Sells 886 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Truvestments Capital LLC trimmed its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 53.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 769 shares of the scientific and technical instruments company’s stock after selling 886 shares during the period. Truvestments Capital LLC’s holdings in Keysight Technologies were worth $120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JT Stratford LLC lifted its position in Keysight Technologies by 33.4% during the 1st quarter. JT Stratford LLC now owns 9,813 shares of the scientific and technical instruments company’s stock worth $1,535,000 after acquiring an additional 2,456 shares during the last quarter. Capital World Investors bought a new stake in Keysight Technologies during the 1st quarter valued at approximately $250,097,000. Capital International Sarl acquired a new stake in Keysight Technologies in the 1st quarter valued at approximately $2,434,000. Capital International Ltd. CA acquired a new position in shares of Keysight Technologies during the first quarter worth approximately $2,156,000. Finally, Capital International Inc. CA acquired a new stake in shares of Keysight Technologies in the first quarter worth $1,136,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KEYS has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. Vertical Research began coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target for the company. Susquehanna reduced their price objective on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company in a research report on Tuesday, May 21st. Finally, Robert W. Baird boosted their price objective on Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.20.

Keysight Technologies Trading Up 1.8 %

Shares of KEYS traded up $2.51 during trading hours on Friday, reaching $138.40. The stock had a trading volume of 816,144 shares, compared to its average volume of 1,089,291. The company has a market cap of $24.16 billion, a P/E ratio of 30.15, a P/E/G ratio of 4.78 and a beta of 0.95. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $170.60. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $139.14 and a 200 day moving average of $148.30.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, sell-side analysts expect that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Kevin A. Stephens acquired 460 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $143.35 per share, with a total value of $65,941.00. Following the completion of the transaction, the director now directly owns 7,681 shares in the company, valued at approximately $1,101,071.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Lisa M. Poole sold 440 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin A. Stephens acquired 460 shares of Keysight Technologies stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the purchase, the director now directly owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

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.