Van ECK Associates Corp Has $379.13 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Van ECK Associates Corp raised its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 105.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,383,143 shares of the scientific and technical instruments company’s stock after buying an additional 1,223,694 shares during the period. Van ECK Associates Corp owned 1.36% of Keysight Technologies worth $379,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. raised its holdings in Keysight Technologies by 21.1% during the third quarter. Sumitomo Life Insurance Co. now owns 18,164 shares of the scientific and technical instruments company’s stock worth $2,403,000 after acquiring an additional 3,168 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Keysight Technologies by 0.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,159 shares of the scientific and technical instruments company’s stock worth $2,667,000 after purchasing an additional 122 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Keysight Technologies by 1.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 98,041 shares of the scientific and technical instruments company’s stock worth $12,972,000 after purchasing an additional 1,100 shares in the last quarter. RMR Wealth Builders boosted its holdings in shares of Keysight Technologies by 20.8% in the 3rd quarter. RMR Wealth Builders now owns 2,999 shares of the scientific and technical instruments company’s stock valued at $397,000 after buying an additional 517 shares during the last quarter. Finally, Bridgewater Advisors Inc. bought a new position in shares of Keysight Technologies in the third quarter valued at $7,953,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on KEYS shares. Citigroup upped their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Barclays upped their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Hold” and an average target price of $160.63.

Insiders Place Their Bets

In related news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded up $1.62 during trading on Monday, reaching $150.17. 950,665 shares of the stock were exchanged, compared to its average volume of 1,223,892. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The stock has a 50-day moving average price of $152.86 and a 200-day moving average price of $146.85. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm has a market cap of $26.21 billion, a PE ratio of 27.26, a PEG ratio of 6.73 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the company posted $1.72 EPS. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. Research analysts expect that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

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.