Keysight Technologies, Inc. (NYSE:KEYS) Shares Bought by XTX Topco Ltd

XTX Topco Ltd raised its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 207.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,708 shares of the scientific and technical instruments company’s stock after buying an additional 10,600 shares during the period. XTX Topco Ltd’s holdings in Keysight Technologies were worth $2,148,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Rise Advisors LLC purchased a new position in Keysight Technologies during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in Keysight Technologies during the second quarter valued at $27,000. Family Firm Inc. purchased a new stake in Keysight Technologies in the 2nd quarter worth about $30,000. Larson Financial Group LLC acquired a new stake in Keysight Technologies during the 1st quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC grew its stake in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 184 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $155.38 on Friday. 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 firm has a market cap of $27.12 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 5.03 and a beta of 0.97. The stock’s fifty day moving average price is $141.62 and its two-hundred day moving average price is $144.93. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51.

Keysight Technologies (NYSE:KEYS) last announced its 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. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $2.04 EPS. The business’s revenue was down 11.9% compared to the same quarter last year. On average, equities analysts forecast that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Insiders Place Their Bets

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 transaction of $254,592.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KEYS. JPMorgan Chase & Co. raised their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Robert W. Baird dropped their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. 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 price target on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, Susquehanna decreased their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.67.

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.