JPMorgan Chase & Co. increased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,845,261 shares of the scientific and technical instruments company’s stock after acquiring an additional 581,148 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.72% of Keysight Technologies worth $811,339,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Bradley Foster & Sargent Inc. CT lifted its holdings in Keysight Technologies by 0.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 13,421 shares of the scientific and technical instruments company’s stock worth $2,296,000 after acquiring an additional 57 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in Keysight Technologies by 0.4% during the second quarter. Sumitomo Life Insurance Co. now owns 14,996 shares of the scientific and technical instruments company’s stock worth $2,511,000 after acquiring an additional 58 shares during the period. Putnam Investments LLC lifted its holdings in Keysight Technologies by 0.4% during the first quarter. Putnam Investments LLC now owns 19,634 shares of the scientific and technical instruments company’s stock worth $3,170,000 after acquiring an additional 74 shares during the period. Cumberland Partners Ltd lifted its holdings in Keysight Technologies by 0.3% during the first quarter. Cumberland Partners Ltd now owns 27,875 shares of the scientific and technical instruments company’s stock worth $4,501,000 after acquiring an additional 75 shares during the period. Finally, Czech National Bank lifted its holdings in Keysight Technologies by 0.4% during the second quarter. Czech National Bank now owns 21,088 shares of the scientific and technical instruments company’s stock worth $3,531,000 after acquiring an additional 78 shares during the period. 81.72% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on KEYS. Barclays dropped their price target on Keysight Technologies from $144.00 to $134.00 and set an “equal weight” rating on the stock in a report on Tuesday. StockNews.com downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Citigroup decreased their target price on Keysight Technologies from $174.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, November 13th. The Goldman Sachs Group raised Keysight Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $146.00 to $164.00 in a research report on Monday, September 4th. Finally, Morgan Stanley raised Keysight Technologies from an “equal weight” rating to an “overweight” rating and set a $165.00 target price for the company in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.18.
Check Out Our Latest Stock Analysis on KEYS
Keysight Technologies Price Performance
Shares of NYSE KEYS opened at $135.72 on Thursday. The stock has a market cap of $24.10 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 3.32 and a beta of 1.04. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $189.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.93 and a current ratio of 2.35. The stock has a fifty day moving average of $128.33 and a 200-day moving average of $145.55.
Keysight Technologies (NYSE:KEYS – Get Free Report) last announced its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.12. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Keysight Technologies had a return on equity of 28.98% and a net margin of 19.34%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 earnings per share. Equities research analysts anticipate that Keysight Technologies, Inc. will post 6.96 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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
See Also
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