Swiss National Bank Buys 1,300 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Swiss National Bank lifted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 518,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,300 shares during the period. Swiss National Bank’s holdings in Keysight Technologies were worth $82,326,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Keysight Technologies by 0.6% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company’s stock worth $1,737,000 after acquiring an additional 73 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Keysight Technologies by 2.8% during the 2nd quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock worth $391,000 after acquiring an additional 74 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of Keysight Technologies by 15.9% during the 3rd quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company’s stock worth $87,000 after acquiring an additional 75 shares in the last quarter. Allworth Financial LP boosted its stake in Keysight Technologies by 3.9% during the 3rd quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock valued at $317,000 after purchasing an additional 75 shares during the period. Finally, Diversified LLC boosted its stake in Keysight Technologies by 3.6% during the 2nd quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock valued at $309,000 after purchasing an additional 78 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Up 1.4 %

NYSE KEYS opened at $151.42 on Tuesday. The stock’s 50 day simple moving average is $155.28 and its 200 day simple moving average is $145.95. The firm has a market cap of $26.28 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 4.36 and a beta of 0.98. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $166.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the firm earned $2.04 EPS. As a group, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Vertical Research assumed coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price for the company. Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. Bank of America upped their price target on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Finally, StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.