Hsbc Holdings PLC decreased its position in Keysight Technologies Inc (NYSE:KEYS) by 58.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,293 shares of the scientific and technical instruments company’s stock after selling 134,612 shares during the period. Hsbc Holdings PLC’s holdings in Keysight Technologies were worth $6,040,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Korea Investment CORP lifted its holdings in shares of Keysight Technologies by 2,600.8% during the fourth quarter. Korea Investment CORP now owns 245,074 shares of the scientific and technical instruments company’s stock valued at $15,214,000 after purchasing an additional 236,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Keysight Technologies during the fourth quarter valued at $8,514,000. PCJ Investment Counsel Ltd. raised its position in Keysight Technologies by 18.5% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 94,801 shares of the scientific and technical instruments company’s stock valued at $5,885,000 after buying an additional 14,801 shares during the period. Bessemer Group Inc. acquired a new position in Keysight Technologies during the fourth quarter valued at $157,000. Finally, Nomura Asset Management Co. Ltd. raised its position in Keysight Technologies by 9.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 28,990 shares of the scientific and technical instruments company’s stock valued at $1,800,000 after buying an additional 2,450 shares during the period. Institutional investors and hedge funds own 88.50% of the company’s stock.

KEYS has been the topic of several recent analyst reports. Dougherty & Co reissued a “sell” rating on shares of Keysight Technologies in a research report on Friday, March 1st. Deutsche Bank upped their price target on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. ValuEngine lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Credit Suisse Group upped their price target on Keysight Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 22nd. Finally, Jefferies Financial Group upped their price target on Keysight Technologies from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $83.11.

In other news, SVP Satish Dhanasekaran sold 1,354 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $61.54, for a total transaction of $83,325.16. Following the completion of the sale, the senior vice president now owns 29,337 shares in the company, valued at approximately $1,805,398.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Neil Dougherty sold 42,133 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $84.85, for a total value of $3,574,985.05. Following the sale, the chief financial officer now owns 77,217 shares of the company’s stock, valued at approximately $6,551,862.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,286 shares of company stock worth $8,130,230. Insiders own 0.65% of the company’s stock.

Shares of KEYS stock opened at $85.33 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. Keysight Technologies Inc has a fifty-two week low of $50.25 and a fifty-two week high of $86.59. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 28.44 and a beta of 1.17.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. Keysight Technologies had a return on equity of 25.15% and a net margin of 4.57%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.22 million. Equities research analysts expect that Keysight Technologies Inc will post 3.6 earnings per share for the current fiscal year.

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Keysight Technologies Company Profile

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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