Sumitomo Mitsui DS Asset Management Company Ltd Has $6.37 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,593 shares of the scientific and technical instruments company’s stock after selling 488 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Keysight Technologies were worth $6,372,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Swedbank AB bought a new position in Keysight Technologies during the first quarter valued at about $621,993,000. Price T Rowe Associates Inc. MD raised its stake in Keysight Technologies by 352.6% during the 1st 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 buying an additional 2,462,543 shares during the period. Norges Bank bought a new position in Keysight Technologies in the fourth quarter valued at approximately $303,444,000. Capital World Investors bought a new stake in Keysight Technologies in the 1st quarter valued at approximately $250,097,000. Finally, Jennison Associates LLC increased its position in shares of Keysight Technologies by 53.2% in the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock valued at $596,059,000 after acquiring an additional 1,323,775 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insiders Place Their Bets

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the sale, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KEYS shares. Barclays upped their price objective on Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Vertical Research started coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Robert W. Baird reduced their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.09.

Keysight Technologies Stock Up 0.9 %

KEYS opened at $154.12 on Friday. The firm’s fifty day moving average is $138.15 and its 200 day moving average is $145.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.99. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 4.58 and a beta of 0.95.

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 the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. Keysight Technologies’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

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.