MAI Capital Management reduced its position in Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,413 shares of the scientific and technical instruments company's stock after selling 116 shares during the quarter. MAI Capital Management's holdings in Keysight Technologies were worth $1,436,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KEYS. LPL Financial LLC boosted its position in shares of Keysight Technologies by 13.2% during the fourth quarter. LPL Financial LLC now owns 84,815 shares of the scientific and technical instruments company's stock worth $17,515,000 after buying an additional 9,919 shares during the period. Eaton Vance Management raised its stake in Keysight Technologies by 15.8% during the 4th quarter. Eaton Vance Management now owns 23,139 shares of the scientific and technical instruments company's stock valued at $4,285,000 after purchasing an additional 3,154 shares during the period. Guggenheim Capital LLC raised its stake in Keysight Technologies by 71.1% during the 4th 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 period. Itau Unibanco Holding S.A. acquired a new position in shares of Keysight Technologies in the fourth quarter worth $71,000. Finally, PDT Partners LLC acquired a new position in shares of Keysight Technologies in the fourth quarter worth $3,163,000. 81.87% of the stock is owned by institutional investors.
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Shares of NYSE KEYS opened at $158.82 on Friday. The company's fifty day moving average is $165.04 and its 200-day moving average is $151.74. The stock has a market cap of $28.40 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.08 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. The company has a quick ratio of 2.38, a current ratio of 3.02 and a debt-to-equity ratio of 0.46.
Keysight Technologies (NYSE:KEYS – Get Rating) last announced its quarterly 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 net margin of 21.00% and a return on equity of 32.13%. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the firm posted $1.46 earnings per share. The business's quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts predict that Keysight Technologies, Inc. will post 6.85 EPS for the current year.Wall Street Analysts Forecast Growth
KEYS has been the subject of a number of recent research reports. Barclays upped their price objective on shares of Keysight Technologies from $151.00 to $179.00 and gave the stock an "equal weight" rating in a report on Thursday, August 18th. JPMorgan Chase & Co. reduced their target price on shares of Keysight Technologies from $200.00 to $176.00 and set an "overweight" rating for the company in a research note on Thursday, July 14th. Robert W. Baird increased their price target on shares of Keysight Technologies from $169.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, August 18th. The Goldman Sachs Group increased their price target on shares of Keysight Technologies from $165.00 to $182.00 and gave the stock a "buy" rating in a research report on Thursday, August 18th. Finally, Bank of America raised their price objective on shares of Keysight Technologies from $155.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $196.23.
Keysight Technologies Profile
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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.
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