Capital Investment Advisors LLC Buys New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Capital Investment Advisors LLC purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the third quarter, HoldingsChannel reports. The fund purchased 1,305 shares of the scientific and technical instruments company’s stock, valued at approximately $207,000.

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

Keysight Technologies Stock Down 1.6 %

NYSE:KEYS opened at $155.36 on Wednesday. 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, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The company has a 50-day moving average of $151.89 and a 200 day moving average of $145.23. The firm has a market cap of $27.12 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 5.28 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 EPS. As a group, research analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft upped their price objective on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Susquehanna decreased their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $167.67.

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.