OPSEU Pension Plan Trust Fund cut its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,977 shares of the scientific and technical instruments company’s stock after selling 509 shares during the period. OPSEU Pension Plan Trust Fund’s holdings in Keysight Technologies were worth $1,866,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Keysight Technologies by 25.0% in the second quarter. BlackRock Inc. now owns 20,572,642 shares of the scientific and technical instruments company’s stock valued at $2,073,312,000 after buying an additional 4,120,113 shares in the last quarter. California Public Employees Retirement System raised its stake in Keysight Technologies by 272.3% during the second quarter. California Public Employees Retirement System now owns 1,577,232 shares of the scientific and technical instruments company’s stock worth $158,953,000 after purchasing an additional 1,153,530 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Keysight Technologies during the 3rd quarter worth about $70,605,000. Unigestion Holding SA acquired a new stake in Keysight Technologies during the 2nd quarter worth approximately $53,881,000. Finally, Strs Ohio raised its holdings in Keysight Technologies by 2,798.9% in the second quarter. Strs Ohio now owns 549,217 shares of the scientific and technical instruments company’s stock valued at $55,350,000 after buying an additional 530,271 shares during the period. 86.91% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $129.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Credit Suisse Group reissued a “buy” rating on shares of Keysight Technologies in a research report on Monday, August 17th. Edward Jones initiated coverage on Keysight Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. Citigroup increased their target price on Keysight Technologies from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, The Goldman Sachs Group raised their target price on Keysight Technologies from $120.00 to $127.00 and gave the company a “buy” rating in a report on Friday, August 21st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Keysight Technologies has a consensus rating of “Buy” and a consensus price target of $124.42.
KEYS traded down $1.10 on Tuesday, reaching $116.57. The stock had a trading volume of 7,774 shares, compared to its average volume of 1,721,483. The company has a market capitalization of $22.02 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 2.46 and a beta of 1.04. The company has a current ratio of 3.34, a quick ratio of 2.55 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average of $106.07 and a 200-day moving average of $100.85. Keysight Technologies, Inc. has a fifty-two week low of $77.93 and a fifty-two week high of $118.77.
Keysight Technologies (NYSE:KEYS) last posted its earnings results on Thursday, August 20th. The scientific and technical instruments company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.83 by $0.36. Keysight Technologies had a net margin of 14.68% and a return on equity of 25.02%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $913.42 million. During the same period last year, the company earned $1.25 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Keysight Technologies, Inc. will post 4.29 EPS 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, electronic, and education industries in the Americas, Europe, and the Asia Pacific regions. Its Communications Solutions Group segment provides electronic design automation (EDA) software; and radio frequency and microwave test instruments; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.
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