Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 14.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 49,889 shares of the scientific and technical instruments company’s stock after selling 8,500 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Keysight Technologies were worth $7,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Keysight Technologies during the 2nd quarter worth about $27,000. VitalStone Financial LLC acquired a new stake in shares of Keysight Technologies during the 1st quarter worth about $35,000. Ancora Advisors LLC acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth about $25,000. OFI Invest Asset Management acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth about $26,000. Finally, Fred Alger Management LLC acquired a new stake in shares of Keysight Technologies during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS stock traded down $1.77 during midday trading on Friday, hitting $145.12. The company had a trading volume of 1,099,657 shares, compared to its average volume of 1,163,884. The company’s 50 day simple moving average is $153.72 and its 200 day simple moving average is $146.09. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 6.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $1.72 EPS. The company’s revenue was down 8.8% on a year-over-year basis. Research analysts anticipate that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies 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 sale, 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 document filed with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

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

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.