Renaissance Technologies LLC Raises Position in Keysight Technologies Inc. (KEYS)

Renaissance Technologies LLC raised its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 199.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,000 shares of the scientific and technical instruments company’s stock after buying an additional 259,000 shares during the period. Renaissance Technologies LLC owned 0.23% of Keysight Technologies worth $14,058,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. San Francisco Sentry Investment Group CA raised its stake in Keysight Technologies by 1.7% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 100 shares in the last quarter. Cadence Capital Management LLC raised its stake in Keysight Technologies by 2.6% in the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock worth $220,000 after buying an additional 157 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Keysight Technologies by 23.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,871 shares of the scientific and technical instruments company’s stock worth $248,000 after buying an additional 1,290 shares in the last quarter. Garde Capital Inc. raised its stake in Keysight Technologies by 3.4% in the fourth quarter. Garde Capital Inc. now owns 6,933 shares of the scientific and technical instruments company’s stock worth $254,000 after buying an additional 231 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in Keysight Technologies by 6.8% in the first quarter. Suntrust Banks Inc. now owns 7,242 shares of the scientific and technical instruments company’s stock worth $260,000 after buying an additional 459 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Keysight Technologies Inc. (NYSE:KEYS) traded down 0.21% during trading on Tuesday, reaching $42.75. The company had a trading volume of 723,779 shares. Keysight Technologies Inc. has a 52-week low of $26.87 and a 52-week high of $43.15. The company has a 50 day moving average price of $40.36 and a 200 day moving average price of $38.22. The company has a market capitalization of $7.92 billion, a PE ratio of 21.72 and a beta of 1.15.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. The business had revenue of $758 million for the quarter, compared to analyst estimates of $748.59 million. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. On average, equities analysts forecast that Keysight Technologies Inc. will post $2.48 EPS for the current fiscal year.

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A number of analysts have commented on KEYS shares. Barclays PLC started coverage on shares of Keysight Technologies in a research note on Monday. They set an “overweight” rating and a $50.00 price objective for the company. Credit Suisse Group started coverage on shares of Keysight Technologies in a research note on Monday, May 8th. They set an “outperform” rating and a $44.00 price objective for the company. Zacks Investment Research lowered shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 21st. TheStreet lowered shares of Keysight Technologies from a “b-” rating to a “c” rating in a research report on Thursday, May 18th. Finally, Stifel Nicolaus increased their price target on shares of Keysight Technologies from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Keysight Technologies presently has a consensus rating of “Buy” and an average price target of $45.90.

In related news, SVP Michael Gasparian sold 2,677 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $41.66, for a total transaction of $111,523.82. Following the transaction, the senior vice president now directly owns 65,926 shares of the company’s stock, valued at approximately $2,746,477.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronald S. Nersesian sold 330,451 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $38.29, for a total value of $12,652,968.79. The disclosure for this sale can be found here. Insiders have sold a total of 461,554 shares of company stock worth $17,749,840 over the last three months. 1.23% of the stock is owned by insiders.

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.

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

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