UBS Asset Management Americas Inc. raised its position in Keysight Technologies Inc. (NYSE:KEYS) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,140 shares of the scientific and technical instruments company’s stock after acquiring an additional 31,113 shares during the quarter. UBS Asset Management Americas Inc. owned 0.09% of Keysight Technologies worth $6,429,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in KEYS. Prudential Financial Inc. lifted its stake in Keysight Technologies by 9.5% in the first quarter. Prudential Financial Inc. now owns 150,865 shares of the scientific and technical instruments company’s stock valued at $5,452,000 after buying an additional 13,085 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Keysight Technologies during the first quarter valued at about $1,336,000. SG Americas Securities LLC raised its stake in shares of Keysight Technologies by 221.1% during the first quarter. SG Americas Securities LLC now owns 35,124 shares of the scientific and technical instruments company’s stock valued at $1,269,000 after purchasing an additional 24,185 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Keysight Technologies by 2.6% during the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock valued at $220,000 after purchasing an additional 157 shares in the last quarter. Finally, AXA raised its stake in shares of Keysight Technologies by 22.2% during the first quarter. AXA now owns 16,484 shares of the scientific and technical instruments company’s stock valued at $595,000 after purchasing an additional 3,000 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.
Shares of Keysight Technologies Inc. (NYSE:KEYS) opened at 42.50 on Tuesday. Keysight Technologies Inc. has a 52-week low of $31.32 and a 52-week high of $43.15. The stock’s 50 day moving average price is $41.03 and its 200-day moving average price is $39.52. The company has a market capitalization of $7.91 billion, a PE ratio of 32.42 and a beta of 1.15.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The firm had revenue of $832.00 million for the quarter, compared to analysts’ expectations of $862.38 million. During the same period last year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts expect that Keysight Technologies Inc. will post $2.47 earnings per share for the current year.
Several brokerages have commented on KEYS. BidaskClub raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Barclays PLC began coverage on Keysight Technologies in a research note on Monday, August 7th. They set an “overweight” rating and a $50.00 target price on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price target on shares of Keysight Technologies in a report on Friday, July 21st. Robert W. Baird reiterated a “buy” rating and set a $48.00 price target on shares of Keysight Technologies in a report on Friday, October 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price target on shares of Keysight Technologies in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.11.
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In other Keysight Technologies news, insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.64, for a total value of $2,453,886.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is owned by company 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.
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