Exchange Traded Concepts LLC Raises Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Exchange Traded Concepts LLC lifted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 3,570.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,615 shares of the scientific and technical instruments company’s stock after buying an additional 1,571 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Keysight Technologies were worth $257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KEYS. Swedbank AB raised its position in Keysight Technologies by 3.8% in 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 acquiring an additional 151,446 shares in the last quarter. Jennison Associates LLC increased its holdings in Keysight Technologies by 53.2% during the 1st quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock worth $596,059,000 after purchasing an additional 1,323,775 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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 acquiring an additional 2,462,543 shares in the last quarter. AMF Tjanstepension AB grew its position in shares of Keysight Technologies by 96.0% in the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after acquiring an additional 828,913 shares in the last quarter. Finally, Capital World Investors acquired a new position in Keysight Technologies during the 1st quarter valued at approximately $250,097,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 approximately $6,576,960. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on KEYS shares. Vertical Research assumed coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target for the company. Robert W. Baird reduced their price objective 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. Susquehanna dropped their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Bank of America increased their price objective on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Keysight Technologies Price Performance

KEYS stock opened at $159.95 on Monday. 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 firm’s 50-day moving average price is $150.66 and its two-hundred day moving average price is $145.22. The stock has a market capitalization of $27.92 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 5.28 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 for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, equities analysts predict that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

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.