Securian Asset Management Inc Trims Holdings in Keysight Technologies Inc (KEYS)

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Securian Asset Management Inc cut its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 16.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,279 shares of the scientific and technical instruments company’s stock after selling 3,672 shares during the quarter. Securian Asset Management Inc’s holdings in Keysight Technologies were worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in Keysight Technologies during the second quarter valued at $3,264,000. Jane Street Group LLC bought a new stake in Keysight Technologies during the second quarter valued at $359,000. Bank of New York Mellon Corp boosted its stake in Keysight Technologies by 78.6% during the second quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock valued at $264,467,000 after buying an additional 1,972,306 shares during the period. Bank of Montreal Can boosted its stake in Keysight Technologies by 14.9% during the third quarter. Bank of Montreal Can now owns 12,290 shares of the scientific and technical instruments company’s stock valued at $815,000 after buying an additional 1,591 shares during the period. Finally, Cookson Peirce & Co. Inc. bought a new stake in Keysight Technologies during the third quarter valued at $5,522,000. Institutional investors own 87.47% of the company’s stock.

In other news, SVP Ingrid A. Estrada sold 15,462 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $62.26, for a total value of $962,664.12. Following the completion of the sale, the senior vice president now owns 92,121 shares of the company’s stock, valued at approximately $5,735,453.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stephen D. Williams sold 17,752 shares of the business’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $57.16, for a total value of $1,014,704.32. Following the completion of the sale, the senior vice president now directly owns 56,986 shares of the company’s stock, valued at approximately $3,257,319.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 249,925 shares of company stock valued at $14,923,747. Corporate insiders own 0.65% of the company’s stock.

Shares of KEYS stock opened at $78.01 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.63 and a quick ratio of 1.20. Keysight Technologies Inc has a 12-month low of $43.49 and a 12-month high of $78.29. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 26.00 and a beta of 1.13.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.12. Keysight Technologies had a return on equity of 22.80% and a net margin of 4.25%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue was up 19.7% compared to the same quarter last year. Equities research analysts anticipate that Keysight Technologies Inc will post 3.5 earnings per share for the current fiscal year.

KEYS has been the subject of several research analyst reports. Zacks Investment Research lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on Keysight Technologies from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, November 21st. Goldman Sachs Group raised Keysight Technologies from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Finally, TheStreet lowered Keysight Technologies from an “a-” rating to a “c+” rating in a research note on Tuesday, November 20th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Keysight Technologies presently has an average rating of “Buy” and an average price target of $73.00.

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About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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