Canada Pension Plan Investment Board Decreases Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Canada Pension Plan Investment Board reduced its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 45.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,222 shares of the scientific and technical instruments company’s stock after selling 43,559 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Keysight Technologies were worth $7,278,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc grew its stake in Keysight Technologies by 5.8% during the fourth quarter. TD Asset Management Inc now owns 467,818 shares of the scientific and technical instruments company’s stock worth $74,425,000 after buying an additional 25,654 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Keysight Technologies by 102.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 698,336 shares of the scientific and technical instruments company’s stock worth $111,099,000 after buying an additional 353,768 shares during the period. Swedbank AB grew its stake in Keysight Technologies by 3.8% during the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after buying an additional 151,446 shares during the period. Oppenheimer & Co. Inc. grew its stake in Keysight Technologies by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 47,393 shares of the scientific and technical instruments company’s stock worth $7,411,000 after buying an additional 6,049 shares during the period. Finally, Capital International Sarl acquired a new position in shares of Keysight Technologies during the first quarter worth $2,434,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KEYS has been the topic of a number of recent research reports. Susquehanna reduced their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Vertical Research initiated coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price on the stock. Bank of America boosted their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Keysight Technologies Trading Up 1.7 %

KEYS opened at $154.09 on Wednesday. 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, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The firm’s fifty day moving average price is $142.04 and its 200 day moving average price is $144.69. The stock has a market capitalization of $26.89 billion, a PE ratio of 33.57, a P/E/G ratio of 5.03 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last released 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 net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, research analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’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 completion of the sale, the director now owns 42,160 shares in the company, valued at $6,576,960. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Keysight Technologies 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.