Parametric Portfolio Associates LLC Has $54.26 Million Stake in Keysight Technologies Inc (NYSE:KEYS)

Parametric Portfolio Associates LLC grew its holdings in Keysight Technologies Inc (NYSE:KEYS) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 604,105 shares of the scientific and technical instruments company’s stock after acquiring an additional 27,019 shares during the quarter. Parametric Portfolio Associates LLC owned 0.32% of Keysight Technologies worth $54,255,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cornerstone Advisors Inc. bought a new stake in shares of Keysight Technologies in the second quarter worth about $30,000. Johnson Financial Group Inc. bought a new stake in shares of Keysight Technologies in the second quarter worth about $35,000. Commonwealth Bank of Australia increased its holdings in shares of Keysight Technologies by 57.6% in the second quarter. Commonwealth Bank of Australia now owns 487 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 178 shares in the last quarter. Motco bought a new stake in shares of Keysight Technologies in the second quarter worth about $48,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of Keysight Technologies in the second quarter worth about $52,000. Institutional investors own 86.19% of the company’s stock.

In related news, SVP Jay Alexander sold 18,067 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $94.01, for a total transaction of $1,698,478.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Pierpoint sold 14,832 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $94.00, for a total value of $1,394,208.00. Following the transaction, the senior vice president now directly owns 48,747 shares of the company’s stock, valued at $4,582,218. The disclosure for this sale can be found here. Insiders have sold 35,499 shares of company stock valued at $3,343,743 over the last three months. Insiders own 0.65% of the company’s stock.

Shares of NYSE:KEYS traded up $0.54 during mid-day trading on Friday, reaching $99.58. 1,328,537 shares of the stock were exchanged, compared to its average volume of 2,266,079. The company has a quick ratio of 1.56, a current ratio of 2.05 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.48 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.37 and a beta of 1.28. Keysight Technologies Inc has a one year low of $53.21 and a one year high of $101.58. The stock’s 50 day simple moving average is $91.76 and its 200-day simple moving average is $87.25.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.22. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.89 earnings per share. Keysight Technologies’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Keysight Technologies Inc will post 4.15 EPS for the current fiscal year.

Keysight Technologies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 29th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Several equities research analysts have issued reports on KEYS shares. Citigroup set a $100.00 price target on Keysight Technologies and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird upgraded Keysight Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $82.00 to $100.00 in a report on Thursday, August 22nd. Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a report on Tuesday, June 4th. Barclays assumed coverage on Keysight Technologies in a report on Wednesday, August 7th. They set an “overweight” rating and a $103.00 price objective for the company. Finally, Goldman Sachs Group downgraded Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 price objective for the company. in a report on Sunday, July 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Keysight Technologies presently has an average rating of “Buy” and an average price target of $99.11.

About Keysight Technologies

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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