Tran Capital Management L.P. Sells 3,150 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Tran Capital Management L.P. lowered its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 17.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,831 shares of the scientific and technical instruments company’s stock after selling 3,150 shares during the quarter. Tran Capital Management L.P.’s holdings in Keysight Technologies were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jennison Associates LLC bought a new position in Keysight Technologies in the 4th quarter worth $395,789,000. Norges Bank bought a new position in Keysight Technologies in the 4th quarter worth $303,444,000. Van ECK Associates Corp raised its holdings in Keysight Technologies by 105.5% in the 4th 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 acquiring an additional 1,223,694 shares during the period. AMF Tjanstepension AB raised its holdings in Keysight Technologies by 96.0% in the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after acquiring an additional 828,913 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in Keysight Technologies by 18,983.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 508,753 shares of the scientific and technical instruments company’s stock worth $80,938,000 after acquiring an additional 506,087 shares during the period. Institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were 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 of the company’s stock, valued at $533,928.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were 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 of the company’s stock, valued at $533,928.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin A. Stephens purchased 460 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost 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. Insiders own 0.60% of the company’s stock.

Keysight Technologies Price Performance

NYSE KEYS traded down $1.12 on Thursday, reaching $135.33. The company’s stock had a trading volume of 587,252 shares, compared to its average volume of 1,055,947. The firm has a market cap of $23.62 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 4.71 and a beta of 0.95. The business has a 50-day moving average price of $142.81 and a 200 day moving average price of $150.26. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KEYS shares. Barclays lifted their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Robert W. Baird upped their price objective on shares of Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Finally, Susquehanna cut their price objective on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.33.

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.