Eagle Asset Management Inc. trimmed its holdings in Keysight Technologies Inc (NYSE:KEYS) by 21.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,347,270 shares of the scientific and technical instruments company’s stock after selling 371,306 shares during the quarter. Keysight Technologies comprises 0.7% of Eagle Asset Management Inc.’s portfolio, making the stock its 28th biggest holding. Eagle Asset Management Inc. owned about 0.72% of Keysight Technologies worth $131,022,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Keysight Technologies by 229.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,168 shares of the scientific and technical instruments company’s stock valued at $5,763,000 after buying an additional 44,683 shares during the last quarter. Chicago Equity Partners LLC increased its position in Keysight Technologies by 1,001.7% in the second quarter. Chicago Equity Partners LLC now owns 41,645 shares of the scientific and technical instruments company’s stock worth $3,740,000 after purchasing an additional 37,865 shares during the period. Front Row Advisors LLC increased its position in Keysight Technologies by 31.1% in the second quarter. Front Row Advisors LLC now owns 13,065 shares of the scientific and technical instruments company’s stock worth $1,173,000 after purchasing an additional 3,100 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new stake in Keysight Technologies in the second quarter worth about $431,000. Finally, Handelsbanken Fonder AB acquired a new stake in Keysight Technologies in the second quarter worth about $13,148,000. 86.59% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Robert W. Baird upgraded Keysight Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $82.00 to $100.00 in a research report on Thursday, August 22nd. ValuEngine lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Barclays assumed coverage on Keysight Technologies in a research report on Wednesday, August 7th. They issued an “overweight” rating and a $103.00 price objective for the company. Susquehanna Bancshares assumed coverage on Keysight Technologies in a research report on Friday, October 18th. They issued a “positive” rating and a $115.00 price objective for the company. Finally, Deutsche Bank reiterated a “buy” rating and issued a $115.00 price objective (up from $110.00) on shares of Keysight Technologies in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Keysight Technologies presently has an average rating of “Buy” and an average 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 transaction of $1,698,478.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ingrid A. Estrada sold 3,500 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $100.00, for a total value of $350,000.00. Following the transaction, the senior vice president now owns 73,159 shares of the company’s stock, valued at $7,315,900. The disclosure for this sale can be found here. Insiders have sold a total of 24,167 shares of company stock valued at $2,299,535 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.
KEYS stock traded up $1.53 during midday trading on Friday, reaching $105.25. The stock had a trading volume of 733,357 shares, compared to its average volume of 1,719,299. The business has a fifty day simple moving average of $98.91 and a two-hundred day simple moving average of $90.56. The company has a quick ratio of 1.56, a current ratio of 2.05 and a debt-to-equity ratio of 0.44. The firm 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. Keysight Technologies Inc has a twelve month low of $53.21 and a twelve month high of $105.62.
Keysight Technologies (NYSE:KEYS) last posted its earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.22. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.04 billion. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. On average, equities analysts predict that Keysight Technologies Inc will post 4.23 earnings per share for the current fiscal year.
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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