Westpac Banking Corp lessened its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 78.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,221 shares of the scientific and technical instruments company’s stock after selling 22,248 shares during the period. Westpac Banking Corp’s holdings in Keysight Technologies were worth $1,042,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Focused Wealth Management Inc acquired a new position in shares of Keysight Technologies during the second quarter valued at about $25,000. VitalStone Financial LLC acquired a new position in Keysight Technologies in the 1st quarter valued at approximately $35,000. Optiver Holding B.V. bought a new stake in shares of Keysight Technologies in the 1st quarter worth approximately $28,000. Trifecta Capital Advisors LLC acquired a new stake in shares of Keysight Technologies during the 1st quarter worth approximately $32,000. Finally, Fred Alger Management LLC bought a new stake in shares of Keysight Technologies during the fourth quarter valued at approximately $41,000. Institutional investors own 81.72% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on KEYS shares. TheStreet cut Keysight Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. StockNews.com cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group raised shares of Keysight Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $146.00 to $164.00 in a research report on Monday, September 4th. Wells Fargo & Company decreased their price objective on Keysight Technologies from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, August 18th. Finally, Citigroup cut their target price on Keysight Technologies from $174.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.73.
Keysight Technologies Stock Up 0.3 %
Shares of NYSE KEYS opened at $133.18 on Friday. The company has a quick ratio of 2.93, a current ratio of 3.66 and a debt-to-equity ratio of 0.37. The company has a market cap of $23.65 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 3.28 and a beta of 1.04. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $189.45. The firm’s 50-day simple moving average is $128.16 and its 200 day simple moving average is $145.68.
Keysight Technologies (NYSE:KEYS – Get Free Report) last released its earnings results on Thursday, August 17th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. Keysight Technologies had a return on equity of 30.56% and a net margin of 20.19%. On average, research analysts expect that Keysight Technologies, Inc. will post 7.52 earnings per share for the current fiscal year.
About Keysight Technologies
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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
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