From MarketBeat: Rheos Capital Works Inc. Sells 17,000 Shares of Keysight Technologies, Inc. (NYSE:KEYS)
From MarketBeat:
Rheos Capital Works Inc. reduced its position in shares of Keysight Technologies, Inc. by 33.3% in the third quarter, selling 17,000 shares. A number of other institutional investors and hedge funds have also bought and sold shares of KEYS. Artisan Partners Limited Partnership bought a new position in shares of Keysight Technologies during the second quarter valued at $103,365,000. BlackRock Inc. boosted its holdings in shares of Keysight Technologies by 1.6% during the 2nd quarter. Keysight Technologies Price Performance, according to the company’s stock, traded up $0.38 on Monday, hitting $159.21.
Insiders also made major moves with CFO Neil Dougherty sold 14,686 shares and CEO Satish Dhanasekaran sold 7,275 shares of the company’s stock. In addition, several equities research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Keysight Technologies from $174.00 to $165.00 and set a “buy” rating on the stock, and TheStreet raised shares of Keysight Technologies from a “c+” rating to a “b-” rating. Keysight Technologies Inc. provides electronic design and test solutions to commercial communications, aerospace, and other industries. Analysts believe that in addition to rhe reducing’s the company’s rating to a “Moderate Buy,” KEYS shares are better buys.
Overall, the company’s stock has a “Moderate Buy” rating and a consensus price target of $171.18. Keysight Technologies, Inc. last announced its quarterly earnings data on Monday, November 20th, and the company had revenue of $1.31 billion for the quarter and a net margin of 19.34%, among other data. This quick review by a group of top-rated analysts indicated buy, sell, and ratings to investors, indicating that the stock has potential for growth for interested buyers.
Read more: Rheos Capital Works Inc. Sells 17,000 Shares of Keysight Technologies, Inc. (NYSE:KEYS)