Empirical Finance LLC Raises Position in Keysight Technologies, Inc. (NYSE:KEYS)

Empirical Finance LLC lifted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,950 shares of the scientific and technical instruments company’s stock after acquiring an additional 119 shares during the quarter. Empirical Finance LLC’s holdings in Keysight Technologies were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of KEYS. Swedbank AB purchased a new stake in Keysight Technologies during the 1st quarter worth about $621,993,000. Price T Rowe Associates Inc. MD increased its stake in shares of Keysight Technologies by 352.6% during the first 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. Capital World Investors acquired a new stake in Keysight Technologies in the first quarter valued at approximately $250,097,000. Boston Partners purchased a new position in Keysight Technologies in the first quarter worth approximately $175,979,000. Finally, Saturna Capital Corp grew its holdings in Keysight Technologies by 72.0% during the 1st quarter. Saturna Capital Corp now owns 860,000 shares of the scientific and technical instruments company’s stock worth $134,487,000 after acquiring an additional 360,000 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

KEYS stock opened at $149.37 on Friday. The business has a 50 day simple moving average of $155.17 and a 200-day simple moving average of $145.91. The company has a market capitalization of $25.92 billion, a P/E ratio of 28.73, a PEG ratio of 4.65 and a beta of 0.98. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $166.28. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23.

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, beating analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $2.04 earnings per share. Keysight Technologies’s quarterly revenue was down 11.9% on a year-over-year basis. As a group, equities analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KEYS. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. Barclays raised Keysight Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $158.00 to $180.00 in a report on Monday, November 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. Susquehanna decreased their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. Finally, Bank of America increased their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $170.89.

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.