Prudential Financial Inc. Grows Stake in Keysight Technologies Inc (KEYS)

Prudential Financial Inc. raised its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 43.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 459,041 shares of the scientific and technical instruments company’s stock after purchasing an additional 139,716 shares during the quarter. Prudential Financial Inc.’s holdings in Keysight Technologies were worth $30,425,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ELM Advisors LLC purchased a new stake in shares of Keysight Technologies during the third quarter worth $101,000. Dupont Capital Management Corp purchased a new stake in shares of Keysight Technologies during the second quarter worth $102,000. Qube Research & Technologies Ltd purchased a new stake in shares of Keysight Technologies during the second quarter worth $120,000. Smithfield Trust Co. grew its holdings in shares of Keysight Technologies by 2,786.7% during the third quarter. Smithfield Trust Co. now owns 2,165 shares of the scientific and technical instruments company’s stock worth $143,000 after buying an additional 2,090 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of Keysight Technologies during the third quarter worth $149,000. 88.61% of the stock is owned by institutional investors and hedge funds.

Shares of KEYS opened at $56.58 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.63 and a debt-to-equity ratio of 0.53. Keysight Technologies Inc has a 12-month low of $41.33 and a 12-month high of $70.40. The stock has a market capitalization of $10.75 billion, a P/E ratio of 19.11 and a beta of 1.19.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.12. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Keysight Technologies’s quarterly revenue was up 19.7% on a year-over-year basis. Equities research analysts anticipate that Keysight Technologies Inc will post 3.37 EPS for the current year.

In related news, CFO Neil Dougherty sold 3,999 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.97% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a report on Friday, August 24th. Robert W. Baird upped their target price on shares of Keysight Technologies from $61.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Stifel Nicolaus assumed coverage on shares of Keysight Technologies in a report on Monday, October 22nd. They set a “buy” rating and a $73.00 target price for the company. TheStreet lowered shares of Keysight Technologies from an “a-” rating to a “c+” rating in a report on Tuesday. Finally, Citigroup upped their price objective on shares of Keysight Technologies from $71.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $71.67.

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Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

Further Reading: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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