NJ State Employees Deferred Compensation Plan Maintains Stake in Keysight Technologies Inc. (NYSE:KEYS)

NJ State Employees Deferred Compensation Plan continued to hold its position in Keysight Technologies Inc. (NYSE:KEYS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,542 shares of the scientific and technical instruments company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Keysight Technologies were worth $449,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KEYS. Vanguard Group Inc. raised its stake in Keysight Technologies by 12.6% in the first quarter. Vanguard Group Inc. now owns 14,906,887 shares of the scientific and technical instruments company’s stock worth $538,735,000 after buying an additional 1,666,595 shares during the last quarter. BlackRock Inc. raised its stake in Keysight Technologies by 12,373.5% in the first quarter. BlackRock Inc. now owns 14,542,749 shares of the scientific and technical instruments company’s stock worth $525,577,000 after buying an additional 14,426,160 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Keysight Technologies by 19.2% in the first quarter. JPMorgan Chase & Co. now owns 7,320,322 shares of the scientific and technical instruments company’s stock worth $264,556,000 after buying an additional 1,179,662 shares during the last quarter. American Century Companies Inc. raised its stake in Keysight Technologies by 16.0% in the first quarter. American Century Companies Inc. now owns 6,112,660 shares of the scientific and technical instruments company’s stock worth $220,912,000 after buying an additional 843,676 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Keysight Technologies by 93.4% in the first quarter. Wellington Management Group LLP now owns 5,076,285 shares of the scientific and technical instruments company’s stock worth $183,456,000 after buying an additional 2,452,119 shares during the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.

Shares of Keysight Technologies Inc. (NYSE:KEYS) traded down 1.08% on Friday, reaching $40.39. The company’s stock had a trading volume of 714,385 shares. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 20.52 and a beta of 1.15. Keysight Technologies Inc. has a 52-week low of $29.25 and a 52-week high of $43.15. The stock has a 50-day moving average of $41.35 and a 200 day moving average of $38.59.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.12. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The business had revenue of $758 million during the quarter, compared to analyst estimates of $748.59 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Keysight Technologies’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Keysight Technologies Inc. will post $2.48 earnings per share for the current year.

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A number of research firms recently commented on KEYS. BidaskClub lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price target on shares of Keysight Technologies in a research report on Thursday, June 1st. Barclays PLC began coverage on Keysight Technologies in a research report on Monday, August 7th. They issued an “overweight” rating and a $50.00 price target for the company. Robert W. Baird increased their price target on Keysight Technologies from $38.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Finally, Stifel Nicolaus increased their price target on Keysight Technologies from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.90.

In other Keysight Technologies news, SVP Soon Chai Gooi sold 65,986 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $38.70, for a total transaction of $2,553,658.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Gasparian sold 27,294 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.75, for a total value of $1,084,936.50. Following the sale, the senior vice president now directly owns 73,297 shares of the company’s stock, valued at approximately $2,913,555.75. The disclosure for this sale can be found here. Insiders have sold 461,554 shares of company stock valued at $17,749,840 in the last three months. 1.23% of the stock is currently owned by corporate insiders.

Keysight Technologies Company Profile

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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