DAVENPORT & Co LLC lessened its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,348 shares of the scientific and technical instruments company's stock after selling 1,121 shares during the quarter. DAVENPORT & Co LLC's holdings in Keysight Technologies were worth $1,151,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of KEYS. LPL Financial LLC grew its stake in Keysight Technologies by 13.2% during the 4th quarter. LPL Financial LLC now owns 84,815 shares of the scientific and technical instruments company's stock valued at $17,515,000 after purchasing an additional 9,919 shares in the last quarter. LMR Partners LLP bought a new position in Keysight Technologies during the fourth quarter worth $240,000. Eaton Vance Management boosted its holdings in Keysight Technologies by 15.8% in the fourth quarter. Eaton Vance Management now owns 23,139 shares of the scientific and technical instruments company's stock worth $4,285,000 after purchasing an additional 3,154 shares during the period. Guggenheim Capital LLC increased its stake in Keysight Technologies by 71.1% during the fourth quarter. Guggenheim Capital LLC now owns 56,751 shares of the scientific and technical instruments company's stock valued at $11,720,000 after purchasing an additional 23,590 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Keysight Technologies during the fourth quarter worth $71,000. Institutional investors and hedge funds own 81.87% of the company's stock.
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Keysight Technologies Trading Up 1.7 %
Shares of NYSE:KEYS opened at $159.55 on Thursday. The company has a 50 day moving average of $164.93 and a 200-day moving average of $151.64. The company has a current ratio of 3.02, a quick ratio of 2.38 and a debt-to-equity ratio of 0.46. The firm has a market cap of $28.53 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.06 and a beta of 1.09. Keysight Technologies, Inc. has a twelve month low of $127.93 and a twelve month high of $209.08.
Keysight Technologies (NYSE:KEYS – Get Rating) last released its earnings results on Wednesday, August 17th. The scientific and technical instruments company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.24. Keysight Technologies had a return on equity of 32.13% and a net
margin of 21.00%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, analysts anticipate that Keysight Technologies, Inc. will post 6.85 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on KEYS shares. Barclays boosted their price objective on shares of Keysight Technologies from $151.00 to $179.00 and gave the company an "equal weight" rating in a research report on Thursday, August 18th. Bank of America upped their target price on Keysight Technologies from $155.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $190.00 to $193.00 and gave the company a "buy" rating in a research report on Thursday, August 18th. JPMorgan Chase & Co. dropped their target price on Keysight Technologies from $200.00 to $176.00 and set an "overweight" rating on the stock in a research report on Thursday, July 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Keysight Technologies from $165.00 to $182.00 and gave the company a "buy" rating in a report on Thursday, August 18th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $196.23.
About Keysight Technologies
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Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
Further Reading
- Get a free copy of the StockNews.com research report on Keysight Technologies (KEYS)
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