Keysight Technologies, Inc. (NYSE:KEYS) Shares Bought by Smithfield Trust Co

Smithfield Trust Co raised its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 77.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,184 shares of the scientific and technical instruments company’s stock after purchasing an additional 516 shares during the period. Smithfield Trust Co’s holdings in Keysight Technologies were worth $187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Swedbank AB bought a new stake in shares of Keysight Technologies during the 1st quarter valued at about $621,993,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Keysight Technologies by 352.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after purchasing an additional 2,462,543 shares during the last quarter. Capital World Investors acquired a new stake in shares of Keysight Technologies during the 1st quarter worth approximately $250,097,000. Boston Partners bought a new stake in shares of Keysight Technologies in the 1st quarter worth approximately $175,979,000. Finally, Fort Pitt Capital Group LLC boosted its position in Keysight Technologies by 59.1% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock valued at $109,138,000 after purchasing an additional 254,985 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

NYSE KEYS opened at $169.99 on Friday. The firm has a market capitalization of $29.50 billion, a PE ratio of 48.57, a P/E/G ratio of 4.46 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $170.52. The company’s 50 day simple moving average is $155.72 and its 200 day simple moving average is $146.10.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a return on equity of 19.34% and a net margin of 12.32%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business earned $2.04 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that Keysight Technologies, Inc. will post 6.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird increased their target price on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company restated an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Finally, Susquehanna reaffirmed a “positive” rating and set a $185.00 price target on shares of Keysight Technologies in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $177.30.

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