CIBC Asset Management Inc Has $15.07 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

CIBC Asset Management Inc lessened its position in Keysight Technologies, Inc. (NYSE:KEYS) by 2.9% in the second quarter, Holdings Channel.com reports. The firm owned 110,211 shares of the scientific and technical instruments company’s stock after selling 3,290 shares during the quarter. CIBC Asset Management Inc’s holdings in Keysight Technologies were worth $15,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB acquired a new position in shares of Keysight Technologies in the first quarter worth approximately $621,993,000. Price T Rowe Associates Inc. MD lifted its position in shares of Keysight Technologies by 352.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after purchasing an additional 2,462,543 shares during the period. Norges Bank acquired a new stake in shares of Keysight Technologies during the fourth quarter worth $303,444,000. Capital World Investors acquired a new stake in shares of Keysight Technologies during the first quarter worth $250,097,000. Finally, Jennison Associates LLC raised its stake in Keysight Technologies by 53.2% during the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock worth $596,059,000 after buying an additional 1,323,775 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Susquehanna decreased their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. Robert W. Baird decreased their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Wells Fargo & Company reissued an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Barclays raised their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.09.

Insider Transactions at Keysight Technologies

In other news, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $136.45, for a total transaction of $60,038.00. Following the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.45, for a total transaction of $60,038.00. Following the sale, the vice president now directly owns 3,913 shares in the company, valued at approximately $533,928.85. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Keysight Technologies Trading Up 0.9 %

NYSE KEYS opened at $154.12 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $138.50 and a 200 day simple moving average of $145.18. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The firm has a market capitalization of $26.90 billion, a P/E ratio of 33.58, a PEG ratio of 5.23 and a beta of 0.95.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 EPS. On average, analysts predict that Keysight Technologies, Inc. will post 5.35 EPS for the current fiscal year.

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.