Synovus Financial Corp boosted its holdings in Keysight Technologies Inc. (NYSE:KEYS) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,082 shares of the scientific and technical instruments company’s stock after purchasing an additional 12 shares during the period. Synovus Financial Corp’s holdings in Keysight Technologies were worth $509,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Keysight Technologies by 12,373.5% during the first quarter. BlackRock Inc. now owns 14,542,749 shares of the scientific and technical instruments company’s stock valued at $525,577,000 after buying an additional 14,426,160 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in shares of Keysight Technologies during the first quarter valued at about $132,021,000. Marshall Wace North America L.P. purchased a new position in shares of Keysight Technologies during the first quarter valued at about $132,021,000. Wellington Management Group LLP increased its position in shares of Keysight Technologies by 93.4% during the first quarter. Wellington Management Group LLP now owns 5,076,285 shares of the scientific and technical instruments company’s stock valued at $183,456,000 after buying an additional 2,452,119 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Keysight Technologies by 12.6% during the first quarter. Vanguard Group Inc. now owns 14,906,887 shares of the scientific and technical instruments company’s stock valued at $538,735,000 after buying an additional 1,666,595 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.
In other Keysight Technologies news, SVP Soon Chai Gooi sold 65,986 shares of Keysight Technologies stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $38.70, for a total value of $2,553,658.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Skinner sold 15,058 shares of Keysight Technologies 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. Insiders sold a total of 83,721 shares of company stock valued at $3,279,398 in the last 90 days. 1.23% of the stock is owned by company insiders.
A number of equities research analysts have weighed in on KEYS shares. ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. upped their target price on shares of Keysight Technologies from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Robert W. Baird restated a “buy” rating and set a $47.00 price objective on shares of Keysight Technologies in a research report on Friday, August 25th. Credit Suisse Group increased their price objective on shares of Keysight Technologies from $45.50 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Finally, Bank of America Corporation restated a “buy” rating and set a $47.00 price objective on shares of Keysight Technologies in a research report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $46.60.
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Keysight Technologies Inc. (KEYS) opened at 40.50 on Friday. The company’s 50-day moving average is $40.88 and its 200 day moving average is $39.03. Keysight Technologies Inc. has a 1-year low of $30.65 and a 1-year high of $43.15. The stock has a market capitalization of $7.53 billion, a PE ratio of 30.89 and a beta of 1.15.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. The company 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 firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. Equities analysts predict that Keysight Technologies Inc. will post $2.47 earnings per share for the current year.
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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