Keysight Technologies, Inc. (NYSE:KEYS) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 506.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,903 shares of the scientific and technical instruments company’s stock after acquiring an additional 251,274 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Keysight Technologies were worth $41,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Swedbank AB bought a new stake in Keysight Technologies in the first quarter worth about $621,993,000. Price T Rowe Associates Inc. MD boosted its position in shares of Keysight Technologies by 352.6% during the 1st 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 purchasing an additional 2,462,543 shares in the last quarter. Capital World Investors acquired a new position in shares of Keysight Technologies in the 1st quarter worth approximately $250,097,000. Jennison Associates LLC raised 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 purchasing an additional 1,323,775 shares in the last quarter. Finally, Boston Partners bought a new stake in Keysight Technologies during the first quarter worth approximately $175,979,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the company’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 transaction, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America upped their price target on 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 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. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Vertical Research assumed coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. One 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.67.

Keysight Technologies Trading Up 0.1 %

Shares of NYSE KEYS opened at $158.74 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51. The business has a 50-day moving average price of $142.96 and a two-hundred day moving average price of $144.89. The firm has a market capitalization of $27.71 billion, a PE ratio of 34.58, a PEG ratio of 5.11 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company posted $2.04 earnings per share. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, analysts predict that Keysight Technologies, Inc. will post 5.38 earnings per share for the current fiscal year.

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.