Cumberland Partners Ltd Trims Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Cumberland Partners Ltd trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,825 shares of the scientific and technical instruments company’s stock after selling 3,070 shares during the quarter. Cumberland Partners Ltd’s holdings in Keysight Technologies were worth $3,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Investment Advisors lifted its holdings in Keysight Technologies by 1.8% during the fourth quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock worth $664,000 after buying an additional 75 shares during the period. Itau Unibanco Holding S.A. lifted its stake in shares of Keysight Technologies by 31.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 82 shares during the last quarter. Guinness Asset Management LTD boosted its position in Keysight Technologies by 2.8% during the third quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock valued at $422,000 after purchasing an additional 88 shares in the last quarter. Princeton Capital Management LLC grew its stake in Keysight Technologies by 1.6% in the third quarter. Princeton Capital Management LLC now owns 6,488 shares of the scientific and technical instruments company’s stock valued at $858,000 after purchasing an additional 104 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in Keysight Technologies by 7.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 1,603 shares of the scientific and technical instruments company’s stock valued at $212,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

KEYS stock traded up $2.05 during mid-day trading on Tuesday, reaching $146.79. 1,405,927 shares of the company’s stock were exchanged, compared to its average volume of 1,235,751. 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, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72. The stock’s 50 day moving average is $153.43 and its 200 day moving average is $146.42. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 6.57 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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 transaction of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

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.