Sumitomo Life Insurance Co. lessened its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 6.4% in the second quarter, Holdings Channel.com reports. The firm owned 9,705 shares of the scientific and technical instruments company’s stock after selling 659 shares during the period. Sumitomo Life Insurance Co.’s holdings in Keysight Technologies were worth $1,590,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. Haven Private LLC grew its stake in Keysight Technologies by 1.7% during the 2nd quarter. Haven Private LLC now owns 4,041 shares of the scientific and technical instruments company’s stock valued at $662,000 after purchasing an additional 67 shares in the last quarter. Summit Financial LLC grew its stake in Keysight Technologies by 2.2% during the 1st quarter. Summit Financial LLC now owns 3,468 shares of the scientific and technical instruments company’s stock valued at $519,000 after purchasing an additional 73 shares in the last quarter. Private Trust Co. NA grew its stake in Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. Principal Securities Inc. grew its stake in Keysight Technologies by 9.1% during the 1st quarter. Principal Securities Inc. now owns 910 shares of the scientific and technical instruments company’s stock valued at $146,000 after purchasing an additional 76 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its stake in Keysight Technologies by 2.4% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 3,466 shares of the scientific and technical instruments company’s stock valued at $579,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group assumed coverage on Keysight Technologies in a research report on Monday, October 27th. They issued a “hold” rating and a $180.00 target price for the company. Barclays decreased their target price on Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $177.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.56.
Insider Activity
In related news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total value of $347,960.00. Following the sale, the senior vice president owned 106,590 shares of the company’s stock, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.
Keysight Technologies Trading Up 4.5%
Shares of NYSE KEYS opened at $183.30 on Monday. The company has a market cap of $31.50 billion, a price-to-earnings ratio of 58.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.18. Keysight Technologies Inc. has a 12-month low of $121.43 and a 12-month high of $186.20. The company has a current ratio of 3.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $169.77 and its 200 day simple moving average is $162.91.
Keysight Technologies (NYSE:KEYS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.05. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. Equities research analysts expect that Keysight Technologies Inc. will post 6.32 EPS for the current year.
Keysight Technologies Company 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.
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