Sumitomo Mitsui Trust Holdings Inc. Has $58.44 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,342 shares of the scientific and technical instruments company’s stock after selling 41,025 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Keysight Technologies worth $58,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in Keysight Technologies during the first quarter worth about $25,000. Larson Financial Group LLC bought a new stake in Keysight Technologies during the first quarter worth about $31,000. GPS Wealth Strategies Group LLC raised its holdings in Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares in the last quarter. EdgeRock Capital LLC bought a new stake in Keysight Technologies in the fourth quarter valued at approximately $46,000. Finally, Versant Capital Management Inc raised its stake in Keysight Technologies by 842.4% in the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 278 shares during the period. Institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Kevin A. Stephens bought 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, with a total value of $65,941.00. Following the acquisition, the director now owns 7,681 shares in the company, valued at approximately $1,101,071.35. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Lisa M. Poole sold 440 shares of the stock in a transaction on 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 directly owns 3,913 shares in the company, valued at approximately $533,928.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin A. Stephens purchased 460 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $143.35 per share, with a total value of $65,941.00. Following the completion of the purchase, the director now directly owns 7,681 shares in the company, valued at approximately $1,101,071.35. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

KEYS has been the topic of several research analyst reports. Robert W. Baird upped their price objective on Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Bank of America dropped their price objective on Keysight Technologies from $150.00 to $135.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 13th. Barclays upped their price objective on Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Susquehanna dropped their price objective on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research note on Tuesday, May 21st. Finally, Vertical Research started coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price on the stock. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.50.

Keysight Technologies Price Performance

NYSE:KEYS traded up $2.63 during trading hours on Friday, reaching $135.30. 1,901,284 shares of the company were exchanged, compared to its average volume of 1,226,116. The company has a market capitalization of $23.62 billion, a P/E ratio of 29.48, a P/E/G ratio of 4.58 and a beta of 0.95. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.48. The business has a 50 day moving average of $135.24 and a 200 day moving average of $145.71.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. Research analysts forecast that Keysight Technologies, Inc. will post 5.25 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.