State Street Corp boosted its stake in Keysight Technologies Inc. (NYSE:KEYS) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,051,783 shares of the scientific and technical instruments company’s stock after acquiring an additional 258,368 shares during the quarter. State Street Corp owned 2.73% of Keysight Technologies worth $196,669,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in KEYS. BlackRock Inc. raised its holdings in shares of Keysight Technologies by 12,373.5% during the 1st quarter. BlackRock Inc. now owns 14,542,749 shares of the scientific and technical instruments company’s stock worth $525,577,000 after acquiring an additional 14,426,160 shares during the period. Vanguard Group Inc. raised its holdings in shares of Keysight Technologies by 12.6% during the 1st quarter. Vanguard Group Inc. now owns 14,906,887 shares of the scientific and technical instruments company’s stock worth $538,735,000 after acquiring an additional 1,666,595 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Keysight Technologies by 123.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,601,505 shares of the scientific and technical instruments company’s stock worth $62,351,000 after acquiring an additional 885,896 shares during the period. Marshall Wace North America L.P. raised its holdings in shares of Keysight Technologies by 23.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 4,516,498 shares of the scientific and technical instruments company’s stock worth $176,143,000 after acquiring an additional 849,245 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in shares of Keysight Technologies during the 2nd quarter worth $27,072,000. Institutional investors own 88.15% of the company’s stock.
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Keysight Technologies Inc. (NYSE KEYS) traded up 1.47% during mid-day trading on Friday, reaching $43.62. The company’s stock had a trading volume of 196,102 shares. Keysight Technologies Inc. has a 1-year low of $31.81 and a 1-year high of $43.66. The firm has a 50 day moving average price of $41.56 and a 200-day moving average price of $39.87. The company has a market capitalization of $8.11 billion, a PE ratio of 33.27 and a beta of 1.15.
Keysight Technologies (NYSE:KEYS) last released its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The firm had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, equities analysts predict that Keysight Technologies Inc. will post $2.47 EPS for the current fiscal year.
In other news, insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $41.64, for a total value of $2,453,886.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is owned by company insiders.
A number of brokerages recently issued reports on KEYS. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price objective on shares of Keysight Technologies in a research report on Friday, October 20th. TheStreet raised Keysight Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, October 17th. BidaskClub raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Barclays PLC assumed coverage on Keysight Technologies in a research report on Monday, August 7th. They set an “overweight” rating and a $50.00 price objective for the company. Finally, Robert W. Baird restated a “buy” rating and set a $48.00 target price on shares of Keysight Technologies in a research note on Friday, October 6th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.33.
About Keysight Technologies
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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