RiverPark Advisors LLC decreased its position in Keysight Technologies, Inc. (NYSE:KEYS) by 12.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,555 shares of the scientific and technical instruments company’s stock after selling 1,925 shares during the period. RiverPark Advisors LLC’s holdings in Keysight Technologies were worth $1,944,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KEYS. Semmax Financial Advisors Inc. bought a new position in shares of Keysight Technologies in the first quarter valued at approximately $26,000. Jacobi Capital Management LLC boosted its holdings in shares of Keysight Technologies by 128.9% in the first quarter. Jacobi Capital Management LLC now owns 206 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 116 shares in the last quarter. Freedman Financial Associates Inc. purchased a new stake in shares of Keysight Technologies in the 4th quarter valued at approximately $28,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Keysight Technologies in the 1st quarter valued at approximately $31,000. Finally, Vantage Consulting Group Inc purchased a new stake in shares of Keysight Technologies in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.
Several equities research analysts recently commented on KEYS shares. Robert W. Baird restated a “buy” rating on shares of Keysight Technologies in a research report on Sunday, May 23rd. Barclays downgraded shares of Keysight Technologies from an “overweight” rating to an “equal weight” rating and set a $162.00 target price for the company. in a research report on Thursday, July 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Keysight Technologies from $155.00 to $158.00 and gave the stock a “hold” rating in a research report on Monday, May 24th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $151.90.
NYSE:KEYS traded up $0.56 during midday trading on Thursday, reaching $159.02. The stock had a trading volume of 6,927 shares, compared to its average volume of 872,890. Keysight Technologies, Inc. has a 1-year low of $90.62 and a 1-year high of $158.82. The business has a fifty day moving average price of $148.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.89 and a quick ratio of 2.29. The firm has a market capitalization of $29.58 billion, a PE ratio of 39.71, a P/E/G ratio of 2.69 and a beta of 0.92.
Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, May 18th. The scientific and technical instruments company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. Keysight Technologies had a net margin of 16.21% and a return on equity of 28.46%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted $0.78 EPS. Keysight Technologies’s revenue was up 36.4% compared to the same quarter last year. As a group, equities research analysts expect that Keysight Technologies, Inc. will post 5.31 EPS for the current year.
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. 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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