Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 3.7% in the third quarter, HoldingsChannel reports. The firm owned 23,278 shares of the scientific and technical instruments company’s stock after selling 905 shares during the quarter. Fifth Third Bancorp’s holdings in Keysight Technologies were worth $2,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Keysight Technologies by 25.0% during the second quarter. BlackRock Inc. now owns 20,572,642 shares of the scientific and technical instruments company’s stock worth $2,073,312,000 after purchasing an additional 4,120,113 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Keysight Technologies by 272.3% during the second quarter. California Public Employees Retirement System now owns 1,577,232 shares of the scientific and technical instruments company’s stock worth $158,953,000 after purchasing an additional 1,153,530 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Keysight Technologies by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 1,519,609 shares of the scientific and technical instruments company’s stock worth $153,147,000 after purchasing an additional 99,997 shares during the period. Swiss National Bank lifted its holdings in shares of Keysight Technologies by 11.8% during the third quarter. Swiss National Bank now owns 1,172,126 shares of the scientific and technical instruments company’s stock worth $115,783,000 after purchasing an additional 123,900 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Keysight Technologies by 1.3% during the second quarter. Bessemer Group Inc. now owns 1,102,549 shares of the scientific and technical instruments company’s stock worth $111,115,000 after purchasing an additional 14,497 shares during the period. 86.91% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $129.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Keysight Technologies in a research report on Monday, November 16th. They set a “buy” rating and a $129.00 price target for the company. UBS Group assumed coverage on Keysight Technologies in a research report on Tuesday, September 15th. They set a “buy” rating and a $133.00 price target for the company. Edward Jones assumed coverage on Keysight Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Finally, Citigroup lifted their price target on Keysight Technologies from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Keysight Technologies presently has an average rating of “Buy” and a consensus price target of $126.17.

Keysight Technologies stock opened at $116.17 on Friday. The stock has a market capitalization of $21.74 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.46 and a beta of 1.04. Keysight Technologies, Inc. has a 12 month low of $77.93 and a 12 month high of $118.99. The business has a 50 day simple moving average of $107.50 and a 200-day simple moving average of $101.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.34 and a quick ratio of 2.55.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, November 17th. The scientific and technical instruments company reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.16. Keysight Technologies had a return on equity of 25.02% and a net margin of 14.68%. On average, equities research analysts anticipate that Keysight Technologies, Inc. will post 4.29 EPS for the current fiscal year.

Keysight Technologies announced that its board has approved a share buyback plan on Wednesday, November 18th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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 regions. Its Communications Solutions Group segment provides electronic design automation (EDA) software; and radio frequency and microwave test instruments; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.

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

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