Prudential PLC Acquires 5,825 Shares of Keysight Technologies Inc. $KEYS

Prudential PLC increased its holdings in Keysight Technologies Inc. (NYSE:KEYS) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,089 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,825 shares during the period. Prudential PLC’s holdings in Keysight Technologies were worth $9,355,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Haven Private LLC lifted its holdings in shares of Keysight Technologies by 1.7% in the second quarter. Haven Private LLC now owns 4,041 shares of the scientific and technical instruments company’s stock worth $662,000 after buying an additional 67 shares in the last quarter. Summit Financial LLC grew its holdings 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 buying an additional 73 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in Keysight Technologies by 2.4% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 3,466 shares of the scientific and technical instruments company’s stock worth $579,000 after acquiring an additional 80 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Keysight Technologies by 49.1% during the 2nd quarter. IFP Advisors Inc now owns 246 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 81 shares in the last quarter. Finally, SouthState Corp boosted its position in shares of Keysight Technologies by 20.4% during the 2nd quarter. SouthState Corp now owns 513 shares of the scientific and technical instruments company’s stock valued at $84,000 after acquiring an additional 87 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total value of $347,960.00. Following the completion of the sale, the senior vice president directly owned 106,590 shares in the company, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Keysight Technologies Trading Down 2.9%

Shares of NYSE:KEYS opened at $169.63 on Friday. The company has a market capitalization of $29.15 billion, a PE ratio of 54.02, a P/E/G ratio of 2.38 and a beta of 1.22. The company has a current ratio of 3.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.45. Keysight Technologies Inc. has a 12-month low of $121.43 and a 12-month high of $187.67. The business’s fifty day simple moving average is $173.47 and its 200-day simple moving average is $166.39.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.05. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. Keysight Technologies’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities research analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on KEYS. UBS Group started coverage on shares of Keysight Technologies in a report on Tuesday, November 11th. They issued a “buy” rating and a $220.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and set a $180.00 target price on shares of Keysight Technologies in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keysight Technologies in a research report on Wednesday. Barclays dropped their price target on Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, Bank of America lifted their price objective on Keysight Technologies from $175.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $194.33.

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.