Acadian Asset Management LLC Makes New $758,000 Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Acadian Asset Management LLC acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,555 shares of the scientific and technical instruments company’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KEYS. Rise Advisors LLC acquired a new position in Keysight Technologies during the first quarter worth about $25,000. Larson Financial Group LLC acquired a new position in Keysight Technologies in the 1st quarter worth about $31,000. Family Firm Inc. bought a new position in Keysight Technologies in the second quarter valued at about $30,000. GPS Wealth Strategies Group LLC raised its position in Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Keysight Technologies by 842.4% during the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

KEYS has been the subject of a number of research reports. Bank of America raised 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. Deutsche Bank Aktiengesellschaft upped their price target 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. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Barclays boosted their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. Finally, Susquehanna lowered 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $167.67.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $150.49 on Wednesday. The company has a market capitalization of $26.27 billion, a PE ratio of 32.79, a P/E/G ratio of 5.03 and a beta of 0.97. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $162.51. The firm has a fifty day simple moving average of $140.77 and a 200 day simple moving average of $144.87.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data 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. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $2.04 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’s 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 completion of the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies 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.