People s United Financial Inc. Raises Stake in Keysight Technologies, Inc. (NYSE:KEYS)

People s United Financial Inc. increased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,439 shares of the scientific and technical instruments company’s stock after acquiring an additional 488 shares during the period. People s United Financial Inc.’s holdings in Keysight Technologies were worth $1,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Windward Capital Management Co. CA lifted its holdings in shares of Keysight Technologies by 1.3% during the second quarter. Windward Capital Management Co. CA now owns 5,094 shares of the scientific and technical instruments company’s stock valued at $787,000 after purchasing an additional 63 shares during the last quarter. Andesa Financial Management Inc. boosted its holdings in Keysight Technologies by 2.8% in the second quarter. Andesa Financial Management Inc. now owns 2,444 shares of the scientific and technical instruments company’s stock worth $373,000 after acquiring an additional 66 shares in the last quarter. Veritable L.P. increased its holdings in shares of Keysight Technologies by 1.8% during the first quarter. Veritable L.P. now owns 4,132 shares of the scientific and technical instruments company’s stock valued at $593,000 after acquiring an additional 73 shares in the last quarter. Quest Capital Management Inc. ADV grew its position in Keysight Technologies by 2.1% during the 2nd quarter. Quest Capital Management Inc. ADV now owns 3,845 shares of the scientific and technical instruments company’s stock valued at $594,000 after purchasing an additional 80 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Keysight Technologies by 5.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,776 shares of the scientific and technical instruments company’s stock valued at $274,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 83.59% of the company’s stock.

In other Keysight Technologies news, COO Satish Dhanasekaran sold 677 shares of the stock in a transaction dated Wednesday, July 21st. The shares were sold at an average price of $157.07, for a total transaction of $106,336.39. Following the completion of the transaction, the chief operating officer now owns 60,800 shares of the company’s stock, valued at approximately $9,549,856. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Huei Sin Ee sold 8,256 shares of Keysight Technologies stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $180.79, for a total value of $1,492,602.24. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Shares of NYSE:KEYS opened at $174.23 on Wednesday. The company has a market capitalization of $32.09 billion, a P/E ratio of 39.42, a P/E/G ratio of 2.82 and a beta of 0.94. Keysight Technologies, Inc. has a 1-year low of $95.44 and a 1-year high of $182.49. The firm’s 50 day simple moving average is $169.45 and its two-hundred day simple moving average is $153.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 2.55.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, August 17th. The scientific and technical instruments company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.10. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. Keysight Technologies had a net margin of 17.03% and a return on equity of 29.41%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS. On average, sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.55 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on KEYS. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $189.00 price objective for the company in a report on Friday, September 17th. Susquehanna raised their price target on shares of Keysight Technologies from $178.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, August 19th. Barclays boosted their price objective on shares of Keysight Technologies from $162.00 to $164.00 and gave the company an “equal weight” rating in a report on Thursday, August 19th. Citigroup raised their target price on shares of Keysight Technologies from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, August 19th. Finally, UBS Group boosted their target price on shares of Keysight Technologies from $170.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, August 24th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $180.90.

Keysight Technologies Company Profile

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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