Metis Global Partners LLC Acquires 262 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Metis Global Partners LLC boosted its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 2.0% in the third quarter, HoldingsChannel reports. The firm owned 13,055 shares of the scientific and technical instruments company’s stock after purchasing an additional 262 shares during the period. Metis Global Partners LLC’s holdings in Keysight Technologies were worth $2,075,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Swedbank AB increased its holdings in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after purchasing an additional 292,372 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Keysight Technologies by 352.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after purchasing an additional 2,462,543 shares in the last quarter. Capital World Investors bought a new stake in Keysight Technologies in the first quarter worth approximately $250,097,000. Van ECK Associates Corp increased its holdings in shares of Keysight Technologies by 6.1% during the second quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company’s stock valued at $188,540,000 after acquiring an additional 79,774 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Keysight Technologies by 3.8% during the first quarter. Bessemer Group Inc. now owns 1,141,274 shares of the scientific and technical instruments company’s stock valued at $178,473,000 after acquiring an additional 42,126 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the sale, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. This trade represents a 3.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KEYS has been the subject of several recent research reports. Susquehanna decreased their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Robert W. Baird decreased their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.89.

Keysight Technologies Stock Down 2.8 %

KEYS stock opened at $149.37 on Friday. The stock’s fifty day simple moving average is $155.17 and its two-hundred day simple moving average is $145.92. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $166.28. The stock has a market cap of $25.92 billion, a P/E ratio of 28.73, a P/E/G ratio of 4.65 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 EPS. Analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

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.