Meiji Yasuda Asset Management Co Ltd. Grows Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,937 shares of the scientific and technical instruments company’s stock after purchasing an additional 690 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Keysight Technologies were worth $3,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KEYS. Avantax Advisory Services Inc. purchased a new stake in Keysight Technologies in the fourth quarter worth $216,000. Financial Advocates Investment Management purchased a new stake in Keysight Technologies in the fourth quarter worth $279,000. Brown Advisory Inc. increased its stake in Keysight Technologies by 19.8% in the fourth quarter. Brown Advisory Inc. now owns 47,971 shares of the scientific and technical instruments company’s stock worth $7,632,000 after purchasing an additional 7,945 shares during the period. Norges Bank purchased a new stake in Keysight Technologies in the fourth quarter worth $303,444,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Keysight Technologies in the fourth quarter worth $688,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $150.23 on Thursday. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The stock’s 50-day moving average is $141.31 and its 200 day moving average is $144.86. The company has a market cap of $26.22 billion, a P/E ratio of 32.73, a PEG 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.

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 for the quarter, beating 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 for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 earnings per share. Research analysts predict that Keysight Technologies, Inc. will post 5.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on KEYS shares. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. Bank of America raised their price target on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird cut their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’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 owns 42,160 shares of the company’s stock, valued at $6,576,960. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.