Fenimore Asset Management Inc. Has $6.14 Million Position in Keysight Technologies Inc (KEYS)

Fenimore Asset Management Inc. cut its stake in Keysight Technologies Inc (NYSE:KEYS) by 82.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 147,491 shares of the scientific and technical instruments company’s stock after selling 712,274 shares during the period. Fenimore Asset Management Inc.’s holdings in Keysight Technologies were worth $6,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. American Century Companies Inc. lifted its position in Keysight Technologies by 52.5% in the fourth quarter. American Century Companies Inc. now owns 7,596,674 shares of the scientific and technical instruments company’s stock worth $316,022,000 after buying an additional 2,613,683 shares during the last quarter. State Street Corp increased its stake in Keysight Technologies by 5.4% in the second quarter. State Street Corp now owns 5,051,783 shares of the scientific and technical instruments company’s stock worth $196,669,000 after purchasing an additional 258,368 shares during the period. Victory Capital Management Inc. increased its stake in Keysight Technologies by 8.3% in the fourth quarter. Victory Capital Management Inc. now owns 4,301,488 shares of the scientific and technical instruments company’s stock worth $178,942,000 after purchasing an additional 328,386 shares during the period. Bank of New York Mellon Corp increased its stake in Keysight Technologies by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 2,628,761 shares of the scientific and technical instruments company’s stock worth $109,514,000 after purchasing an additional 309,437 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in Keysight Technologies by 6.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,281,913 shares of the scientific and technical instruments company’s stock worth $94,928,000 after purchasing an additional 129,969 shares during the period. Institutional investors own 88.27% of the company’s stock.

A number of analysts have weighed in on the company. Deutsche Bank increased their target price on Keysight Technologies to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Zacks Investment Research lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $43.00 target price on shares of Keysight Technologies in a research note on Friday, December 8th. Jefferies Group reiterated a “buy” rating and issued a $52.00 target price on shares of Keysight Technologies in a research note on Friday, October 20th. Finally, TheStreet upgraded Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.50.

Keysight Technologies Inc (NYSE:KEYS) opened at $43.26 on Friday. The company has a market capitalization of $8,000.00, a price-to-earnings ratio of 72.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.94 and a current ratio of 2.66. Keysight Technologies Inc has a 52 week low of $35.05 and a 52 week high of $48.03.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.59 by $0.12. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $891.55 million. Keysight Technologies had a return on equity of 19.79% and a net margin of 3.20%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. analysts forecast that Keysight Technologies Inc will post 2.54 EPS for the current year.

In other news, insider Ronald S. Nersesian sold 75,314 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $43.06, for a total transaction of $3,243,020.84. Following the transaction, the insider now owns 356,816 shares in the company, valued at $15,364,496.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Skinner sold 9,843 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total value of $413,799.72. Following the transaction, the vice president now owns 29,198 shares in the company, valued at approximately $1,227,483.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 259,819 shares of company stock worth $11,483,635. Insiders own 1.23% of the company’s stock.

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About Keysight Technologies

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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