Blair William & Co. IL Grows Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Blair William & Co. IL raised its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,351 shares of the scientific and technical instruments company’s stock after buying an additional 146 shares during the period. Blair William & Co. IL’s holdings in Keysight Technologies were worth $1,552,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KEYS. Avantax Advisory Services Inc. purchased a new stake in shares of Keysight Technologies during the fourth quarter valued at about $216,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Keysight Technologies by 2.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,953 shares of the scientific and technical instruments company’s stock valued at $1,265,000 after purchasing an additional 209 shares during the last quarter. Team Hewins LLC purchased a new position in shares of Keysight Technologies in the 4th quarter valued at approximately $220,000. Intech Investment Management LLC raised its position in shares of Keysight Technologies by 960.1% in the 4th quarter. Intech Investment Management LLC now owns 31,622 shares of the scientific and technical instruments company’s stock valued at $5,031,000 after purchasing an additional 28,639 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Keysight Technologies by 6.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 700,485 shares of the scientific and technical instruments company’s stock valued at $111,440,000 after purchasing an additional 40,440 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $151.55 on Tuesday. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 5.03 and a beta of 0.97. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The firm’s 50 day simple moving average is $141.95 and its 200-day simple moving average is $144.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KEYS. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. 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 research report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Robert W. Baird cut their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the sale, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

About Keysight Technologies

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.