Interval Partners LP Purchases Shares of 215,809 Keysight Technologies, Inc. (NYSE:KEYS)

Interval Partners LP acquired a new position in Keysight Technologies, Inc. (NYSE:KEYS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 215,809 shares of the scientific and technical instruments company’s stock, valued at approximately $29,512,000. Interval Partners LP owned 0.12% of Keysight Technologies as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KEYS. Swedbank AB purchased a new stake in Keysight Technologies in the 1st quarter worth approximately $621,993,000. Price T Rowe Associates Inc. MD increased its stake in Keysight Technologies by 352.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after buying an additional 2,462,543 shares in the last quarter. Capital World Investors purchased a new stake in Keysight Technologies in the 1st quarter worth $250,097,000. Jennison Associates LLC raised its holdings in Keysight Technologies by 53.2% during the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock valued at $596,059,000 after acquiring an additional 1,323,775 shares during the period. Finally, Boston Partners purchased a new position in shares of Keysight Technologies in the first quarter valued at about $175,979,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Trading Down 1.9 %

Shares of NYSE KEYS opened at $152.42 on Monday. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The business’s 50 day moving average is $141.83 and its two-hundred day moving average is $144.73. The stock has a market capitalization of $26.60 billion, a P/E ratio of 33.21, a PEG ratio of 5.03 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.04 EPS. As a group, research analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on KEYS shares. Vertical Research began coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price for the company. Robert W. Baird lowered their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Bank of America increased their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.67.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies Company Profile

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.