DekaBank Deutsche Girozentrale Acquires 3,249 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,442 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,249 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.05% of Keysight Technologies worth $12,027,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Keysight Technologies during the second quarter worth about $27,000. Oppenheimer & Co. Inc. increased its position in shares of Keysight Technologies by 6.4% during the second quarter. Oppenheimer & Co. Inc. now owns 50,425 shares of the scientific and technical instruments company’s stock valued at $6,896,000 after acquiring an additional 3,032 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in Keysight Technologies by 5.9% during the second quarter. Achmea Investment Management B.V. now owns 22,241 shares of the scientific and technical instruments company’s stock worth $3,042,000 after acquiring an additional 1,243 shares during the period. Daiwa Securities Group Inc. boosted its position in Keysight Technologies by 21.9% in the second quarter. Daiwa Securities Group Inc. now owns 21,046 shares of the scientific and technical instruments company’s stock worth $2,878,000 after purchasing an additional 3,777 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in Keysight Technologies by 3.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 72,168 shares of the scientific and technical instruments company’s stock valued at $9,869,000 after purchasing an additional 2,523 shares during the period. Institutional investors own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KEYS. Vertical Research initiated coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Susquehanna decreased their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. Robert W. Baird dropped their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.67.

Insiders Place Their Bets

In other 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 transaction of $254,592.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE:KEYS opened at $149.48 on Tuesday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The stock has a market cap of $26.09 billion, a P/E ratio of 32.57, a P/E/G ratio of 5.03 and a beta of 0.97. The company has a 50 day moving average of $140.54 and a 200 day moving average of $144.90.

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

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.