Keysight Technologies, Inc. (NYSE:KEYS) Stake Increased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,748 shares of the scientific and technical instruments company’s stock after buying an additional 298 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Keysight Technologies were worth $2,983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Panagora Asset Management Inc. increased its stake in Keysight Technologies by 14.7% during the first quarter. Panagora Asset Management Inc. now owns 9,411 shares of the scientific and technical instruments company’s stock valued at $1,487,000 after purchasing an additional 1,206 shares during the last quarter. Blair William & Co. IL increased its stake in Keysight Technologies by 1.3% during the first quarter. Blair William & Co. IL now owns 6,780 shares of the scientific and technical instruments company’s stock valued at $1,071,000 after purchasing an additional 88 shares during the last quarter. Prudential PLC bought a new stake in Keysight Technologies during the first quarter valued at $592,000. National Pension Service increased its stake in Keysight Technologies by 2.2% during the first quarter. National Pension Service now owns 274,276 shares of the scientific and technical instruments company’s stock valued at $43,327,000 after purchasing an additional 5,882 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Keysight Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after purchasing an additional 153,857 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

KEYS stock traded down $1.67 during trading on Wednesday, hitting $149.93. The company had a trading volume of 882,221 shares, compared to its average volume of 1,240,314. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 6.95 and a beta of 1.05. The business has a 50 day moving average of $154.50 and a 200 day moving average of $145.97. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.72 earnings per share. As a group, research analysts predict that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. Citigroup upped their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays upped their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $160.63.

Keysight Technologies 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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.