DNB Asset Management AS grew its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,793 shares of the scientific and technical instruments company’s stock after buying an additional 599 shares during the period. DNB Asset Management AS’s holdings in Keysight Technologies were worth $3,578,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Advisors Inc. purchased a new stake in Keysight Technologies in the second quarter worth $30,000. Johnson Financial Group Inc. purchased a new stake in Keysight Technologies in the second quarter worth $35,000. Commonwealth Bank of Australia grew its stake in shares of Keysight Technologies by 57.6% in the second quarter. Commonwealth Bank of Australia now owns 487 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 178 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Keysight Technologies in the second quarter worth $41,000. Finally, Motco purchased a new stake in shares of Keysight Technologies in the second quarter worth $48,000. 86.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on KEYS shares. Deutsche Bank reissued a “buy” rating and issued a $115.00 target price (up previously from $110.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Robert W. Baird raised Keysight Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $82.00 to $100.00 in a report on Thursday, August 22nd. ValuEngine cut Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Citigroup set a $100.00 target price on Keysight Technologies and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Barclays started coverage on Keysight Technologies in a research report on Wednesday, August 7th. They set an “overweight” rating and a $103.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $100.70.
In other news, SVP Jay Alexander sold 18,067 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $94.01, for a total value of $1,698,478.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ingrid A. Estrada sold 3,500 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $100.00, for a total value of $350,000.00. Following the completion of the transaction, the senior vice president now directly owns 73,159 shares of the company’s stock, valued at approximately $7,315,900. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,167 shares of company stock worth $2,299,535. 0.65% of the stock is owned by company insiders.
NYSE KEYS traded up $1.53 on Friday, reaching $105.25. 692,262 shares of the stock traded hands, compared to its average volume of 1,719,299. Keysight Technologies Inc has a 12 month low of $53.21 and a 12 month high of $105.62. The company has a fifty day moving average price of $99.00 and a 200-day moving average price of $90.64. The company has a market cap of $19.53 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.26 and a beta of 1.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.56 and a current ratio of 2.05.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.22. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.89 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Keysight Technologies Inc will post 4.23 earnings per share for the current fiscal year.
Keysight Technologies 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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