The Manufacturers Life Insurance Company lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,633 shares of the scientific and technical instruments company’s stock after selling 5,252 shares during the period. The Manufacturers Life Insurance Company’s holdings in Keysight Technologies were worth $26,333,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Freedman Financial Associates Inc. purchased a new position in Keysight Technologies in the 4th quarter worth approximately $28,000. NN Investment Partners Holdings N.V. purchased a new position in Keysight Technologies in the 1st quarter worth approximately $31,000. Fieldpoint Private Securities LLC purchased a new position in Keysight Technologies in the 4th quarter worth approximately $31,000. Assetmark Inc. purchased a new position in Keysight Technologies in the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Keysight Technologies in the 4th quarter worth approximately $40,000. 84.88% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on KEYS. Citigroup boosted their price objective on shares of Keysight Technologies from $130.00 to $175.00 in a report on Friday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Keysight Technologies from $135.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 5th. Deutsche Bank Aktiengesellschaft lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $131.00 to $150.00 in a report on Monday, January 25th. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Monday, February 22nd. Finally, Credit Suisse Group upped their price target on shares of Keysight Technologies from $125.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $149.09.
Keysight Technologies (NYSE:KEYS) last released its earnings results on Thursday, February 18th. The scientific and technical instruments company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.06. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Keysight Technologies had a net margin of 14.85% and a return on equity of 25.76%. During the same period in the prior year, the firm earned $1.26 EPS. On average, sell-side analysts predict that Keysight Technologies, Inc. will post 5.17 earnings per share for the current year.
In other news, COO Satish Dhanasekaran sold 2,490 shares of the company’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $142.18, for a total value of $354,028.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.42% of the stock is owned by corporate insiders.
Keysight Technologies Company Profile
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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test instruments; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; 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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