Sumitomo Life Insurance Co. Sells 2,610 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Life Insurance Co. lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,554 shares of the scientific and technical instruments company’s stock after selling 2,610 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Keysight Technologies were worth $2,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in KEYS. Panagora Asset Management Inc. boosted its position in shares of Keysight Technologies by 14.7% during the 1st quarter. Panagora Asset Management Inc. now owns 9,411 shares of the scientific and technical instruments company’s stock valued at $1,487,000 after acquiring an additional 1,206 shares during the last quarter. Blair William & Co. IL increased its stake in Keysight Technologies by 1.3% in the 1st quarter. Blair William & Co. IL now owns 6,780 shares of the scientific and technical instruments company’s stock worth $1,071,000 after purchasing an additional 88 shares during the period. Prudential PLC purchased a new position in shares of Keysight Technologies during the first quarter valued at approximately $592,000. National Pension Service increased its stake in shares of Keysight Technologies by 2.2% during the first quarter. National Pension Service now owns 274,276 shares of the scientific and technical instruments company’s stock valued at $43,327,000 after buying an additional 5,882 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Keysight Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after buying an additional 153,857 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Down 3.1 %

KEYS traded down $5.04 during trading on Friday, hitting $155.10. 2,256,463 shares of the stock were exchanged, compared to its average volume of 1,243,770. The firm has a 50 day simple moving average of $154.60 and a 200 day simple moving average of $145.58. The firm has a market cap of $27.07 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 7.03 and a beta of 1.05. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm earned $1.72 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, equities analysts expect that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. Citigroup lifted their price target on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $160.63.

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.