Korea Investment CORP bought a new stake in Keysight Technologies Inc (NYSE:KEYS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,000 shares of the scientific and technical instruments company’s stock, valued at approximately $1,358,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new position in shares of Keysight Technologies in the second quarter worth $102,000. Cerebellum GP LLC purchased a new position in shares of Keysight Technologies in the second quarter worth $179,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Keysight Technologies in the second quarter worth $189,000. IBM Retirement Fund purchased a new position in shares of Keysight Technologies in the first quarter worth $217,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Keysight Technologies in the first quarter worth $227,000. Institutional investors own 87.55% of the company’s stock.
Shares of Keysight Technologies stock opened at $65.80 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75. Keysight Technologies Inc has a 1 year low of $39.54 and a 1 year high of $70.40. The firm has a market cap of $12.39 billion, a P/E ratio of 29.51 and a beta of 1.06.
Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.10. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $961.91 million. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue was up 20.7% compared to the same quarter last year. equities analysts anticipate that Keysight Technologies Inc will post 2.89 earnings per share for the current fiscal year.
A number of research analysts have issued reports on KEYS shares. Barclays set a $58.00 price target on shares of Keysight Technologies and gave the stock a “buy” rating in a report on Thursday, May 31st. Deutsche Bank raised their price target on shares of Keysight Technologies from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Citigroup raised their price target on shares of Keysight Technologies from $62.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. Zacks Investment Research raised shares of Keysight Technologies from a “sell” rating to a “buy” rating and set a $68.00 price target for the company in a report on Wednesday, June 6th. Finally, Jefferies Financial Group raised their price target on shares of Keysight Technologies to $74.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $68.22.
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
Further Reading: Trading Strategy
Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc (NYSE:KEYS).
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.