Lombard Odier Asset Management Europe Ltd Purchases 346 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Lombard Odier Asset Management Europe Ltd increased its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,802 shares of the scientific and technical instruments company’s stock after acquiring an additional 346 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Keysight Technologies were worth $4,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Swedbank AB bought a new stake in Keysight Technologies in the first quarter worth about $621,993,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Keysight Technologies by 352.6% in the 1st 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 purchasing an additional 2,462,543 shares during the period. Capital World Investors purchased a new position in Keysight Technologies in the first quarter valued at approximately $250,097,000. Jennison Associates LLC grew its holdings in 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 purchasing an additional 1,323,775 shares during the period. Finally, Boston Partners purchased a new stake in Keysight Technologies in the first quarter worth $175,979,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the firm’s 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 sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Keysight Technologies Trading Down 1.9 %

Keysight Technologies stock opened at $152.42 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51. The stock has a market cap of $26.60 billion, a P/E ratio of 33.21, a PEG ratio of 5.03 and a beta of 0.97. The firm’s fifty day moving average price is $141.83 and its 200-day moving average price is $144.73.

Keysight Technologies (NYSE:KEYS) last released its quarterly 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 firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm posted $2.04 EPS. The company’s revenue was down 11.9% compared to the same quarter last year. Equities research analysts forecast that Keysight Technologies, Inc. will post 5.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KEYS has been the topic of a number of recent research reports. Bank of America upped their price target on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Susquehanna cut their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Vertical Research initiated coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. Finally, Robert W. Baird reduced their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $167.67.

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.