Keysight Technologies, Inc. (NYSE:KEYS) is Hahn Capital Management LLC’s 8th Largest Position

Hahn Capital Management LLC lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 33.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 43,030 shares of the scientific and technical instruments company’s stock after selling 21,865 shares during the quarter. Keysight Technologies accounts for about 4.4% of Hahn Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Hahn Capital Management LLC’s holdings in Keysight Technologies were worth $6,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Ridge Investment Management grew its position in shares of Keysight Technologies by 1.1% during the 3rd quarter. Eagle Ridge Investment Management now owns 155,088 shares of the scientific and technical instruments company’s stock valued at $24,648,000 after acquiring an additional 1,700 shares during the period. Dakota Wealth Management boosted its position in Keysight Technologies by 10.4% during the third quarter. Dakota Wealth Management now owns 3,253 shares of the scientific and technical instruments company’s stock worth $517,000 after purchasing an additional 306 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Keysight Technologies by 73.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,781 shares of the scientific and technical instruments company’s stock valued at $38,108,000 after purchasing an additional 101,584 shares during the period. Riverwater Partners LLC purchased a new stake in shares of Keysight Technologies in the third quarter valued at approximately $268,000. Finally, Brighton Jones LLC raised its stake in shares of Keysight Technologies by 23.2% during the 3rd quarter. Brighton Jones LLC now owns 3,134 shares of the scientific and technical instruments company’s stock worth $498,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $153.75 on Friday. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The stock has a market cap of $26.84 billion, a P/E ratio of 33.50, a PEG ratio of 5.28 and a beta of 0.97. The company has a 50-day moving average price of $152.84 and a 200 day moving average price of $145.34. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23.

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 analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business 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. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. Sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

Insider Buying and Selling at Keysight Technologies

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

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Susquehanna decreased their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Bank of America increased their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Finally, Vertical Research began coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Keysight Technologies 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.