Kornitzer Capital Management Inc. KS Reduces Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Kornitzer Capital Management Inc. KS trimmed its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Keysight Technologies during the fourth quarter worth $265,043,000. Moneta Group Investment Advisors LLC lifted its position in shares of Keysight Technologies by 110,226.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company’s stock worth $256,680,000 after purchasing an additional 1,499,078 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Keysight Technologies by 1,588.0% during the third quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company’s stock worth $153,406,000 after purchasing an additional 1,090,763 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Keysight Technologies by 31.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,160,766 shares of the scientific and technical instruments company’s stock worth $369,642,000 after purchasing an additional 521,934 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Keysight Technologies by 29.8% during the fourth quarter. Morgan Stanley now owns 2,026,408 shares of the scientific and technical instruments company’s stock worth $346,658,000 after purchasing an additional 464,655 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keysight Technologies

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

Wall Street Analyst Weigh In

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

Keysight Technologies Stock Down 1.2 %

KEYS traded down $1.77 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 stock has a fifty day moving average price of $153.72 and a 200-day moving average price of $146.09. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month 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. The stock has a market capitalization of $25.33 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 6.66 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) 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 analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts predict that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

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.