Renaissance Technologies LLC Purchases Shares of 55,300 Keysight Technologies Inc (KEYS)

Renaissance Technologies LLC purchased a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 55,300 shares of the scientific and technical instruments company’s stock, valued at approximately $3,264,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dupont Capital Management Corp purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at $102,000. Cerebellum GP LLC purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at $179,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at $189,000. BlueMountain Capital Management LLC purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at $252,000. Finally, IPG Investment Advisors LLC purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at $263,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

KEYS has been the topic of a number of recent research reports. Citigroup increased their price objective on 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 cut Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Robert W. Baird increased their price objective on Keysight Technologies from $61.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Deutsche Bank increased their price objective on Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Credit Suisse Group increased their price objective on Keysight Technologies from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Two equities research 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 has a consensus rating of “Buy” and an average target price of $68.22.

Shares of KEYS opened at $61.78 on Friday. The stock has a market cap of $11.82 billion, a P/E ratio of 27.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.42. Keysight Technologies Inc has a 52-week low of $41.33 and a 52-week high of $70.40.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $961.91 million. Keysight Technologies had a return on equity of 20.58% and a net margin of 6.50%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, research analysts expect that Keysight Technologies Inc will post 2.89 EPS for the current year.

In other Keysight Technologies news, CFO Neil Dougherty sold 3,999 shares of the company’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $65.57, for a total value of $262,214.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.97% of the stock is owned by corporate insiders.

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.

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

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