Seven Eight Capital LP Takes Position in Keysight Technologies, Inc. (NYSE:KEYS)

Seven Eight Capital LP acquired a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,892 shares of the scientific and technical instruments company’s stock, valued at approximately $806,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB lifted its position in shares of 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 acquiring an additional 151,446 shares during the period. Jennison Associates LLC boosted its position 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 worth $596,059,000 after purchasing an additional 1,323,775 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Keysight Technologies by 352.6% during 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 purchasing an additional 2,462,543 shares in the last quarter. AMF Tjanstepension AB grew its holdings in Keysight Technologies by 96.0% in the first 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 last quarter. Finally, Capital World Investors purchased a new position in shares of Keysight Technologies in the first quarter valued at $250,097,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the firm’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 sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Down 1.9 %

KEYS stock opened at $152.42 on Friday. The company has a 50 day moving average price of $141.83 and a two-hundred day moving average price of $144.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The stock has a market capitalization of $26.60 billion, a P/E ratio of 33.21, a PEG ratio of 5.03 and a beta of 0.97. 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 quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 earnings per share. As a group, sell-side analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Analyst Upgrades and Downgrades

KEYS has been the topic of several recent research reports. Susquehanna decreased their price objective 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 began coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Bank of America increased their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lifted 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.