E Fund Management Co. Ltd. Boosts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

E Fund Management Co. Ltd. raised its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 40.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,001 shares of the scientific and technical instruments company’s stock after purchasing an additional 572 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Keysight Technologies were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Swedbank AB acquired a new stake in shares of Keysight Technologies in the first quarter valued at $621,993,000. Price T Rowe Associates Inc. MD grew its stake in shares of Keysight Technologies by 352.6% in 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 buying an additional 2,462,543 shares in the last quarter. Norges Bank acquired a new stake in shares of Keysight Technologies in the fourth quarter valued at $303,444,000. Capital World Investors acquired a new stake in shares of Keysight Technologies in the first quarter valued at $250,097,000. Finally, Jennison Associates LLC grew its stake in shares of Keysight Technologies by 53.2% in the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock valued at $596,059,000 after buying an additional 1,323,775 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Down 0.2 %

Shares of NYSE KEYS opened at $150.23 on Thursday. The company has a market capitalization of $26.22 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The business has a 50-day moving average of $141.31 and a two-hundred day moving average of $144.86. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $162.51.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $2.04 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts forecast that Keysight Technologies, Inc. will post 5.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

KEYS has been the subject of a number of research reports. Robert W. Baird dropped their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. 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 note on Wednesday, August 21st. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. Vertical Research began coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

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.