DekaBank Deutsche Girozentrale Takes $2.93 Million Position in Keysight Technologies Inc. (KEYS)

DekaBank Deutsche Girozentrale purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 70,000 shares of the scientific and technical instruments company’s stock, valued at approximately $2,925,000.

Several other hedge funds have also modified their holdings of KEYS. Mckinley Capital Management LLC Delaware purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at $100,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at $207,000. Creative Planning raised its stake in shares of Keysight Technologies by 1.2% in the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after acquiring an additional 63 shares during the period. Starfire Investment Advisers Inc. purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at $214,000. Finally, Windward Capital Management Co. CA purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at $232,000. 87.00% of the stock is currently owned by institutional investors and hedge funds.

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In other news, VP John C. Skinner sold 15,058 shares of Keysight Technologies stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ronald S. Nersesian sold 58,931 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Keysight Technologies from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Robert W. Baird reaffirmed a “buy” rating and set a $48.00 price target on shares of Keysight Technologies in a research note on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price target on shares of Keysight Technologies in a research note on Friday, September 1st. Credit Suisse Group lifted their price target on shares of Keysight Technologies from $45.50 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. Finally, Zacks Investment Research downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Keysight Technologies currently has a consensus rating of “Buy” and a consensus price target of $47.33.

Keysight Technologies Inc. (NYSE KEYS) opened at $45.15 on Wednesday. Keysight Technologies Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $45.65. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.75 and a quick ratio of 2.04. The company has a market cap of $8,158.04, a PE ratio of 20.00, a PEG ratio of 2.25 and a beta of 1.17.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The business had revenue of $832.00 million during the quarter, compared to analyst estimates of $862.38 million. During the same period in the previous year, the business posted $0.63 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. analysts anticipate that Keysight Technologies Inc. will post 2.2 earnings per share for the current fiscal year.

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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