USS Investment Management Ltd reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,280 shares of the scientific and technical instruments company's stock after selling 12,795 shares during the period. USS Investment Management Ltd's holdings in Keysight Technologies were worth $5,509,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC increased its holdings in shares of Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after purchasing an additional 3,650,953 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Keysight Technologies by 29.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock valued at $2,588,546,000 after buying an additional 3,621,349 shares in the last quarter. Norges Bank purchased a new position in Keysight Technologies during the 4th quarter valued at approximately $320,707,000. Point72 Asset Management L.P. increased its stake in Keysight Technologies by 343.6% in the 4th quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock worth $161,946,000 after acquiring an additional 780,893 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Keysight Technologies by 21.7% during the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock worth $637,125,000 after acquiring an additional 704,920 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley upped their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Bank of America lifted their price target on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company upped their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $183.00.
Read Our Latest Stock Report on Keysight Technologies
Keysight Technologies Trading Up 1.2%
NYSE KEYS traded up $1.91 during trading on Tuesday, hitting $161.94. The stock had a trading volume of 449,662 shares, compared to its average volume of 1,134,803. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The stock has a 50 day simple moving average of $147.62 and a 200 day simple moving average of $159.66. The stock has a market capitalization of $27.98 billion, a price-to-earnings ratio of 46.27, a P/E/G ratio of 2.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.
Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. Sell-side analysts predict that Keysight Technologies, Inc. will post 6.32 earnings per share for the current year.
Insider Activity at Keysight Technologies
In related news, Director Richard P. Hamada sold 1,589 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the transaction, the director now owns 42,160 shares of the company's stock, valued at $6,829,920. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.
About Keysight Technologies
(
Free Report)
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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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