Ethic Inc. Purchases 712 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Ethic Inc. raised its position in Keysight Technologies, Inc. (NYSE:KEYS) by 32.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,884 shares of the scientific and technical instruments company’s stock after buying an additional 712 shares during the quarter. Ethic Inc.’s holdings in Keysight Technologies were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KEYS. Commonwealth Equity Services LLC raised its stake in shares of Keysight Technologies by 28.4% in the first quarter. Commonwealth Equity Services LLC now owns 11,288 shares of the scientific and technical instruments company’s stock valued at $1,618,000 after buying an additional 2,495 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Keysight Technologies by 20.7% in the first quarter. Standard Life Aberdeen plc now owns 99,327 shares of the scientific and technical instruments company’s stock valued at $14,245,000 after buying an additional 17,031 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Keysight Technologies by 10.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 65,135 shares of the scientific and technical instruments company’s stock valued at $9,340,000 after buying an additional 6,356 shares during the period. Allred Capital Management LLC raised its stake in shares of Keysight Technologies by 8.0% in the first quarter. Allred Capital Management LLC now owns 3,024 shares of the scientific and technical instruments company’s stock valued at $434,000 after buying an additional 225 shares during the period. Finally, Bank of Nova Scotia raised its stake in shares of Keysight Technologies by 5.7% in the first quarter. Bank of Nova Scotia now owns 38,397 shares of the scientific and technical instruments company’s stock valued at $5,506,000 after buying an additional 2,083 shares during the period. Hedge funds and other institutional investors own 83.59% of the company’s stock.

KEYS opened at $179.78 on Friday. The stock has a 50-day moving average price of $168.36 and a 200-day moving average price of $152.30. Keysight Technologies, Inc. has a 12-month low of $95.44 and a 12-month high of $182.49. The company has a current ratio of 3.19, a quick ratio of 2.55 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $33.11 billion, a P/E ratio of 40.67, a PEG ratio of 2.82 and a beta of 0.94.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 17th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. Keysight Technologies had a return on equity of 29.41% and a net margin of 17.03%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $1.19 EPS. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities research analysts predict that Keysight Technologies, Inc. will post 5.55 EPS for the current year.

In other Keysight Technologies news, SVP Huei Sin Ee sold 8,256 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $180.79, for a total transaction of $1,492,602.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Satish Dhanasekaran sold 677 shares of the stock in a transaction that occurred on Wednesday, July 21st. The stock was sold at an average price of $157.07, for a total value of $106,336.39. Following the completion of the transaction, the chief operating officer now directly owns 60,800 shares of the company’s stock, valued at approximately $9,549,856. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

A number of research firms recently issued reports on KEYS. Citigroup boosted their price objective on Keysight Technologies from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, August 19th. Barclays boosted their price objective on Keysight Technologies from $162.00 to $164.00 and gave the company an “equal weight” rating in a research note on Thursday, August 19th. UBS Group boosted their price objective on Keysight Technologies from $170.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, August 24th. Susquehanna boosted their price objective on Keysight Technologies from $178.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, August 19th. Finally, Zacks Investment Research cut Keysight Technologies from a “buy” rating to a “hold” rating and set a $186.00 target price for the company. in a research report on Monday, August 30th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $180.60.

About Keysight Technologies

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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

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