Commerce Bank Has $14.44 Million Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Commerce Bank cut its position in Keysight Technologies, Inc. (NYSE:KEYS) by 10.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 90,829 shares of the scientific and technical instruments company’s stock after selling 10,508 shares during the quarter. Commerce Bank’s holdings in Keysight Technologies were worth $14,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in Keysight Technologies in the third quarter valued at about $57,000. Thompson Davis & CO. Inc. acquired a new position in Keysight Technologies in the third quarter valued at about $207,000. West Family Investments Inc. acquired a new position in Keysight Technologies in the third quarter valued at about $304,000. PNC Financial Services Group Inc. lifted its position in shares of Keysight Technologies by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 53,624 shares of the scientific and technical instruments company’s stock worth $8,522,000 after purchasing an additional 187 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Keysight Technologies during the third quarter worth approximately $3,274,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KEYS has been the topic of a number of research reports. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Robert W. Baird upped their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays upped their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America upped their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $177.30.

Keysight Technologies Stock Performance

Shares of KEYS opened at $165.48 on Thursday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $168.46. The firm has a fifty day simple moving average of $155.72 and a 200 day simple moving average of $146.10. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 4.38 and a beta of 0.98. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last announced 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 business had revenue of $1.22 billion during 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 firm’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 earnings per share. Research analysts forecast that Keysight Technologies, Inc. will post 5.48 EPS for the current fiscal year.

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.