Prudential PLC Has $12.05 Million Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Prudential PLC raised its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,108 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,896 shares during the period. Prudential PLC owned approximately 0.05% of Keysight Technologies worth $12,049,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in shares of Keysight Technologies during the 1st quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of Keysight Technologies in the second quarter valued at approximately $30,000. Larson Financial Group LLC bought a new position in Keysight Technologies in the 1st quarter valued at approximately $31,000. GPS Wealth Strategies Group LLC grew its holdings in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Keysight Technologies by 842.4% in the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 278 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna cut their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Vertical Research began coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective for the company. Barclays boosted their price objective on Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Bank of America boosted their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft upped 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $167.40.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $145.87 on Tuesday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The firm has a market capitalization of $25.31 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 4.85 and a beta of 0.97. The business’s fifty day simple moving average is $139.55 and its 200 day simple moving average is $145.00. 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 issued its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $2.04 EPS. Keysight Technologies’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, analysts anticipate that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Insider Buying and Selling at Keysight Technologies

In other news, VP Lisa M. Poole sold 440 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the sale, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the sale, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.