Russell Investments Group Ltd. lifted its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 205.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 153,015 shares of the scientific and technical instruments company’s stock after acquiring an additional 102,946 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Keysight Technologies worth $6,375,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of KEYS. Mckinley Capital Management LLC Delaware purchased a new stake in Keysight Technologies during the 2nd quarter worth about $100,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Keysight Technologies during the 2nd quarter worth about $207,000. Starfire Investment Advisers Inc. purchased a new stake in Keysight Technologies during the 2nd quarter worth about $214,000. Windward Capital Management Co. CA purchased a new stake in Keysight Technologies during the 3rd quarter worth about $232,000. Finally, Cadence Capital Management LLC lifted its holdings in Keysight Technologies by 1.1% during the 2nd quarter. Cadence Capital Management LLC now owns 6,167 shares of the scientific and technical instruments company’s stock worth $240,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.20% of the company’s stock.
A number of analysts recently issued reports on the company. BidaskClub cut Keysight Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 price target on shares of Keysight Technologies in a report on Friday, September 1st. Zacks Investment Research cut Keysight Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $43.00 price target on shares of Keysight Technologies in a report on Friday. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $52.00 price target on shares of Keysight Technologies in a report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $47.67.
Keysight Technologies Inc. (NYSE:KEYS) traded up $0.64 during trading hours on Friday, hitting $43.35. The company’s stock had a trading volume of 1,800,000 shares, compared to its average volume of 766,919. Keysight Technologies Inc. has a 1 year low of $35.05 and a 1 year high of $45.65. The stock has a market cap of $8,035.70, a PE ratio of 19.27, a P/E/G ratio of 2.22 and a beta of 1.13. The company has a current ratio of 2.66, a quick ratio of 2.04 and a debt-to-equity ratio of 0.88.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.12. Keysight Technologies had a return on equity of 19.79% and a net margin of 3.20%. The firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $891.55 million. During the same quarter last year, the firm posted $0.64 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. equities analysts expect that Keysight Technologies Inc. will post 2.39 earnings per share for the current fiscal year.
In related 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 transaction of $2,453,886.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.23% of the company’s stock.
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Keysight Technologies Company Profile
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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