Point72 Asset Management L.P. Has $13.44 Million Holdings in Keysight Technologies Inc (KEYS)

Point72 Asset Management L.P. boosted its stake in shares of Keysight Technologies Inc (NYSE:KEYS) by 146.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 322,600 shares of the scientific and technical instruments company’s stock after acquiring an additional 191,700 shares during the quarter. Point72 Asset Management L.P. owned about 0.17% of Keysight Technologies worth $13,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new position in shares of Keysight Technologies during the second quarter valued at approximately $100,000. Invictus RG bought a new position in shares of Keysight Technologies during the third quarter valued at approximately $111,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Keysight Technologies during the second quarter valued at approximately $207,000. Financial Counselors Inc. bought a new position in shares of Keysight Technologies during the third quarter valued at approximately $210,000. Finally, Windward Capital Management Co. CA bought a new position in shares of Keysight Technologies during the third quarter valued at approximately $232,000. 89.20% of the stock is currently owned by institutional investors.

Keysight Technologies Inc (NYSE KEYS) opened at $42.68 on Friday. Keysight Technologies Inc has a 52 week low of $35.05 and a 52 week high of $45.65. The stock has a market capitalization of $7,828.09, a P/E ratio of 18.77, a P/E/G ratio of 1.84 and a beta of 1.13. The company has a quick ratio of 1.94, a current ratio of 2.66 and a debt-to-equity ratio of 0.88.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.12. Keysight Technologies had a return on equity of 19.79% and a net margin of 3.20%. The company had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $891.55 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Keysight Technologies’s revenue was up 16.9% compared to the same quarter last year. analysts expect that Keysight Technologies Inc will post 2.54 EPS for the current year.

A number of research analysts have recently commented on KEYS shares. Credit Suisse Group upped their target price on Keysight Technologies from $45.50 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. Robert W. Baird reaffirmed a “buy” rating and set a $47.00 target price on shares of Keysight Technologies in a research note on Friday, August 25th. Citigroup reaffirmed a “buy” rating and set a $50.00 target price (up previously from $49.00) on shares of Keysight Technologies in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 target price on shares of Keysight Technologies in a research note on Friday, September 1st. Finally, TheStreet raised Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Keysight Technologies presently has a consensus rating of “Buy” and a consensus price target of $47.60.

In other Keysight Technologies news, insider Ronald S. Nersesian sold 75,314 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $43.06, for a total transaction of $3,243,020.84. Following the completion of the sale, the insider now owns 356,816 shares in the company, valued at $15,364,496.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ronald S. Nersesian sold 58,931 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total value of $2,453,886.84. The disclosure for this sale can be found here. In the last three months, insiders sold 144,088 shares of company stock worth $6,110,707. 1.23% of the stock is owned by insiders.

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Keysight Technologies 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.

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

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