Seven Eight Capital LP cut its holdings in Keysight Technologies Inc (NYSE:KEYS) by 13.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,703 shares of the scientific and technical instruments company’s stock after selling 12,200 shares during the period. Seven Eight Capital LP’s holdings in Keysight Technologies were worth $5,084,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Keysight Technologies by 78.6% during the second quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock worth $264,467,000 after buying an additional 1,972,306 shares during the last quarter. BlackRock Inc. increased its holdings in Keysight Technologies by 7.5% during the second quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock worth $1,032,745,000 after buying an additional 1,213,517 shares during the last quarter. Millennium Management LLC increased its holdings in Keysight Technologies by 151.5% during the second quarter. Millennium Management LLC now owns 1,206,271 shares of the scientific and technical instruments company’s stock worth $71,206,000 after buying an additional 726,653 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Keysight Technologies during the second quarter worth $35,850,000. Finally, Carillon Tower Advisers Inc. increased its holdings in Keysight Technologies by 70.0% during the second quarter. Carillon Tower Advisers Inc. now owns 1,313,221 shares of the scientific and technical instruments company’s stock worth $77,519,000 after buying an additional 540,583 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.
A number of brokerages recently weighed in on KEYS. Goldman Sachs Group upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating in a report on Thursday. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a report on Friday, August 24th. Jefferies Financial Group boosted their target price on shares of Keysight Technologies to $74.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Credit Suisse Group boosted their target price on shares of Keysight Technologies from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $68.22.
KEYS stock opened at $61.78 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75. Keysight Technologies Inc has a one year low of $41.33 and a one year high of $70.40. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 23.45 and a beta of 1.06.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.10. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $961.91 million. During the same period in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keysight Technologies Inc will post 2.89 earnings per share for the current fiscal year.
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
Further Reading: Fundamental Analysis and Choosing Stocks
Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc (NYSE:KEYS).
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.