Principal Financial Group Inc. grew its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 783,939 shares of the scientific and technical instruments company’s stock after buying an additional 7,384 shares during the quarter. Principal Financial Group Inc. owned 0.42% of Keysight Technologies worth $32,659,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Keysight Technologies in the second quarter valued at $100,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Keysight Technologies in the second quarter valued at $207,000. Creative Planning boosted its stake in shares of Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after purchasing an additional 63 shares during the period. Starfire Investment Advisers Inc. purchased a new position in shares of Keysight Technologies in the second quarter valued at $214,000. Finally, Windward Capital Management Co. CA purchased a new position in shares of Keysight Technologies in the third quarter valued at $232,000. Institutional investors and hedge funds own 87.92% of the company’s stock.
Shares of Keysight Technologies Inc. (NYSE KEYS) opened at $43.62 on Friday. The firm has a market cap of $8,085.75, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. Keysight Technologies Inc. has a twelve month low of $34.79 and a twelve month high of $45.65. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.92.
Keysight Technologies (NYSE:KEYS) last issued its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The company had revenue of $832.00 million for the quarter, compared to analysts’ expectations of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. sell-side analysts anticipate that Keysight Technologies Inc. will post 2.2 EPS for the current fiscal year.
In related news, insider Ronald S. Nersesian sold 58,931 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.64, for a total value of $2,453,886.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Skinner sold 15,058 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is owned by company insiders.
Several analysts recently issued reports on KEYS shares. Barclays PLC started coverage on shares of Keysight Technologies in a report on Monday, August 7th. They issued an “overweight” rating and a $50.00 price target on the stock. BidaskClub cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $47.00 price target on shares of Keysight Technologies in a report on Friday, August 25th. Credit Suisse Group upped their price target on shares of Keysight Technologies from $45.50 to $49.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price target on shares of Keysight Technologies in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.33.
Keysight Technologies Profile
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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