AlphaCrest Capital Management LLC Decreases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

AlphaCrest Capital Management LLC lowered its stake in Keysight Technologies, Inc. (NYSE:KEYSGet Rating) by 35.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,439 shares of the scientific and technical instruments company’s stock after selling 7,427 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Keysight Technologies were worth $1,853,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in Keysight Technologies in the 2nd quarter worth $26,000. Geneos Wealth Management Inc. grew its stake in shares of Keysight Technologies by 37.1% in the second quarter. Geneos Wealth Management Inc. now owns 277 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 75 shares during the last quarter. CoreCap Advisors LLC purchased a new position in Keysight Technologies during the 2nd quarter valued at about $40,000. Glassman Wealth Services raised its position in Keysight Technologies by 40.5% during the 2nd quarter. Glassman Wealth Services now owns 340 shares of the scientific and technical instruments company’s stock valued at $47,000 after purchasing an additional 98 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Keysight Technologies in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, SVP John Page sold 6,910 shares of Keysight Technologies stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $161.48, for a total value of $1,115,826.80. Following the completion of the transaction, the senior vice president now directly owns 57,201 shares of the company’s stock, valued at $9,236,817.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by insiders.

Keysight Technologies Stock Performance

Shares of KEYS opened at $176.04 on Thursday. The company has a quick ratio of 2.40, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock has a market cap of $31.48 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.78 and a beta of 1.06. The business’s 50 day moving average price is $165.34 and its 200-day moving average price is $155.98. Keysight Technologies, Inc. has a 52 week low of $127.93 and a 52 week high of $209.08.

Keysight Technologies (NYSE:KEYSGet Rating) last announced its quarterly earnings data on Thursday, November 17th. The scientific and technical instruments company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.15. Keysight Technologies had a return on equity of 32.51% and a net margin of 20.74%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business earned $1.71 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Keysight Technologies, Inc. will post 7.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KEYS has been the topic of several research analyst reports. Wells Fargo & Company assumed coverage on Keysight Technologies in a research note on Thursday, November 3rd. They set an “overweight” rating and a $200.00 target price on the stock. Susquehanna decreased their price objective on shares of Keysight Technologies from $205.00 to $200.00 and set a “positive” rating for the company in a report on Friday, November 18th. The Goldman Sachs Group lifted their target price on shares of Keysight Technologies from $165.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, October 10th. Finally, Robert W. Baird lifted their price objective on Keysight Technologies from $169.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.25.

Keysight Technologies Company Profile

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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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

Further Reading

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

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