Mengis Capital Management Inc. Sells 1,238 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Mengis Capital Management Inc. lowered its position in Keysight Technologies, Inc. (NYSE:KEYS) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,092 shares of the scientific and technical instruments company’s stock after selling 1,238 shares during the quarter. Mengis Capital Management Inc.’s holdings in Keysight Technologies were worth $2,558,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KEYS. Meeder Asset Management Inc. purchased a new stake in shares of Keysight Technologies in the 2nd quarter worth approximately $27,000. Family Firm Inc. purchased a new stake in shares of Keysight Technologies during the 2nd quarter worth $30,000. American National Bank & Trust bought a new stake in Keysight Technologies during the third quarter valued at about $31,000. GPS Wealth Strategies Group LLC grew its stake in Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Keysight Technologies by 842.4% in the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 278 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Trading Down 1.5 %

NYSE KEYS opened at $161.25 on Wednesday. The company has a market capitalization of $27.98 billion, a PE ratio of 31.01, a P/E/G ratio of 4.84 and a beta of 0.98. The company has a fifty day moving average of $154.75 and a 200 day moving average of $145.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $166.28.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $2.04 earnings per share. Keysight Technologies’s quarterly revenue was down 11.9% on a year-over-year basis. Research analysts forecast that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Bank of America upped their price target on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their target price 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. Vertical Research started coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Susquehanna reduced their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.89.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

About Keysight Technologies

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.