Virginia Retirement Systems ET AL Invests $18.64 Million in Keysight Technologies, Inc. (NYSE:KEYS)
Virginia Retirement Systems ET AL purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,332 shares of the scientific and technical instruments company’s stock, valued at approximately $18,643,000. Virginia Retirement Systems ET AL owned approximately 0.06% of Keysight Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Panagora Asset Management Inc. increased its holdings in Keysight Technologies by 14.7% in 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 period. Blair William & Co. IL increased its holdings in Keysight Technologies by 1.3% in 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 period. Prudential PLC acquired a new stake in Keysight Technologies in the first quarter valued at $592,000. National Pension Service increased its holdings in Keysight Technologies by 2.2% in 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 period. Finally, Vanguard Group Inc. increased its holdings in Keysight Technologies by 0.8% in 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 period. 81.72% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
Shares of KEYS opened at $152.36 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.35 and a quick ratio of 1.87. The stock has a 50-day moving average of $130.99 and a 200-day moving average of $144.35. The company has a market cap of $27.06 billion, a PE ratio of 25.74, a P/E/G ratio of 3.88 and a beta of 1.04. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $189.32.
Keysight Technologies (NYSE:KEYS – Get Free Report) last released its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Keysight Technologies had a return on equity of 28.98% and a net margin of 19.34%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.02 EPS. On average, equities research analysts predict that Keysight Technologies, Inc. will post 6.58 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently weighed in on KEYS. Wells Fargo & Company decreased their price objective on Keysight Technologies from $200.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, August 18th. Citigroup lowered their price objective on Keysight Technologies from $174.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, November 13th. Robert W. Baird lifted their price objective on Keysight Technologies from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Barclays lowered their price objective on Keysight Technologies from $144.00 to $134.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 21st. Finally, The Goldman Sachs Group raised Keysight Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $146.00 to $164.00 in a research report on Monday, September 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.18.
Read Our Latest Analysis on KEYS
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, SVP Soon Chai Gooi sold 14,900 shares of Keysight Technologies stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $148.03, for a total transaction of $2,205,647.00. Following the completion of the transaction, the senior vice president now owns 239,488 shares in the company, valued at approximately $35,451,408.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Keysight Technologies news, SVP Soon Chai Gooi sold 14,900 shares of Keysight Technologies stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $148.03, for a total transaction of $2,205,647.00. Following the completion of the transaction, the senior vice president now owns 239,488 shares in the company, valued at approximately $35,451,408.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Cullen sold 4,869 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $146.47, for a total value of $713,162.43. Following the completion of the transaction, the director now owns 20,730 shares in the company, valued at approximately $3,036,323.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,044 shares of company stock worth $3,900,207. Insiders own 0.51% of the company’s stock.
Keysight Technologies Profile (Free Report)
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 solutions, and related software; 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; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Keysight Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Keysight Technologies wasn’t on the list.
While Keysight Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.