Martingale Asset Management L P Buys New Holdings in Keysight Technologies Inc (KEYS)

Martingale Asset Management L P bought a new stake in Keysight Technologies Inc (NYSE:KEYS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,117 shares of the scientific and technical instruments company’s stock, valued at approximately $257,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Keysight Technologies by 1.4% in the third quarter. BlackRock Inc. now owns 17,742,617 shares of the scientific and technical instruments company’s stock valued at $1,175,982,000 after buying an additional 247,405 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Keysight Technologies by 2.5% in the third quarter. Vanguard Group Inc now owns 17,295,881 shares of the scientific and technical instruments company’s stock valued at $1,146,370,000 after buying an additional 421,861 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Keysight Technologies by 21.5% in the third quarter. Bank of New York Mellon Corp now owns 5,442,341 shares of the scientific and technical instruments company’s stock valued at $360,718,000 after buying an additional 962,129 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Keysight Technologies by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,459,205 shares of the scientific and technical instruments company’s stock valued at $152,668,000 after buying an additional 208,662 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Keysight Technologies by 10.5% in the fourth quarter. Eagle Asset Management Inc. now owns 1,555,523 shares of the scientific and technical instruments company’s stock valued at $96,566,000 after buying an additional 147,712 shares during the last quarter. 88.50% of the stock is owned by institutional investors and hedge funds.

Shares of Keysight Technologies stock opened at $85.98 on Friday. Keysight Technologies Inc has a 52-week low of $50.25 and a 52-week high of $86.59. The company has a current ratio of 1.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The stock has a market cap of $16.16 billion, a PE ratio of 28.66 and a beta of 1.17.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Keysight Technologies had a net margin of 4.57% and a return on equity of 25.15%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.22 million. Equities analysts anticipate that Keysight Technologies Inc will post 3.6 earnings per share for the current fiscal year.

In other Keysight Technologies news, CFO Neil Dougherty sold 42,133 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $84.85, for a total transaction of $3,574,985.05. Following the transaction, the chief financial officer now directly owns 77,217 shares in the company, valued at $6,551,862.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Satish Dhanasekaran sold 1,354 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $61.54, for a total transaction of $83,325.16. Following the transaction, the senior vice president now owns 29,337 shares in the company, valued at $1,805,398.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,286 shares of company stock worth $8,130,230. Company insiders own 0.65% of the company’s stock.

KEYS has been the subject of a number of research reports. TheStreet raised shares of Keysight Technologies from a “c+” rating to an “a-” rating in a report on Thursday, February 21st. ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, December 28th. Jefferies Financial Group boosted their price target on shares of Keysight Technologies from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Tuesday, February 5th. Finally, Deutsche Bank boosted their price target on shares of Keysight Technologies to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $83.11.

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Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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

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