EdgeRock Capital LLC Purchases Shares of 297 Keysight Technologies, Inc. (NYSE:KEYS)

EdgeRock Capital LLC acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 297 shares of the scientific and technical instruments company’s stock, valued at approximately $46,000.

A number of other hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC purchased a new stake in shares of Keysight Technologies during the 4th quarter worth about $395,789,000. Van ECK Associates Corp grew its holdings in Keysight Technologies by 105.5% in the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after purchasing an additional 1,223,694 shares during the period. Northern Trust Corp increased its position in shares of Keysight Technologies by 5.2% in the third quarter. Northern Trust Corp now owns 2,069,120 shares of the scientific and technical instruments company’s stock valued at $273,765,000 after buying an additional 102,420 shares in the last quarter. Invesco Ltd. increased its position in shares of Keysight Technologies by 16.6% in the third quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock valued at $229,203,000 after buying an additional 247,250 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Keysight Technologies by 3.7% during the 3rd quarter. Morgan Stanley now owns 1,688,735 shares of the scientific and technical instruments company’s stock worth $223,437,000 after buying an additional 60,158 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the transaction, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KEYS shares. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Barclays boosted their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. Finally, Citigroup raised their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $160.63.

Keysight Technologies Stock Performance

NYSE:KEYS traded up $0.70 during trading hours on Wednesday, reaching $150.80. 1,307,355 shares of the company’s stock were exchanged, compared to its average volume of 1,198,838. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 6.76 and a beta of 1.06. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72. The company has a 50-day moving average of $152.44 and a 200 day moving average of $147.91.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.72 EPS. Research analysts anticipate that Keysight Technologies, Inc. will post 5.4 EPS for the current 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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.