Meiji Yasuda Life Insurance Co Reduces Position in Keysight Technologies, Inc. (NYSE:KEYS)

Meiji Yasuda Life Insurance Co trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,505 shares of the scientific and technical instruments company’s stock after selling 127 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Keysight Technologies were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB raised its position in Keysight Technologies by 3.8% during the 2nd quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock valued at $564,626,000 after purchasing an additional 151,446 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Keysight Technologies by 53.2% during 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 acquiring an additional 1,323,775 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 worth $494,299,000 after acquiring an additional 2,462,543 shares during the period. Norges Bank bought a new stake in Keysight Technologies in the fourth quarter valued at $303,444,000. Finally, AMF Tjanstepension AB increased its position in Keysight Technologies by 96.0% during the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock valued at $264,665,000 after purchasing an additional 828,913 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Trading Down 0.2 %

Keysight Technologies stock opened at $150.23 on Thursday. 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 business’s fifty day simple moving average is $141.31 and its two-hundred day simple moving average is $144.86. 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.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results 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 analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. Keysight Technologies’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 EPS. As a group, equities analysts predict that Keysight Technologies, Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on KEYS. Vertical Research assumed coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. Susquehanna lowered their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. Bank of America upped their target price on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Robert W. Baird lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 approximately $6,576,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

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.