Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,816 shares of the scientific and technical instruments company’s stock after selling 13,064 shares during the period. Raymond James & Associates owned about 0.06% of Keysight Technologies worth $11,835,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Keysight Technologies by 25.0% in the second quarter. BlackRock Inc. now owns 20,572,642 shares of the scientific and technical instruments company’s stock worth $2,073,312,000 after purchasing an additional 4,120,113 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Keysight Technologies by 272.3% during the second quarter. California Public Employees Retirement System now owns 1,577,232 shares of the scientific and technical instruments company’s stock valued at $158,953,000 after purchasing an additional 1,153,530 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Keysight Technologies by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 1,519,609 shares of the scientific and technical instruments company’s stock valued at $153,147,000 after purchasing an additional 99,997 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Keysight Technologies by 1.3% during the second quarter. Bessemer Group Inc. now owns 1,102,549 shares of the scientific and technical instruments company’s stock valued at $111,115,000 after purchasing an additional 14,497 shares during the last quarter. Finally, Pendal Group Limited lifted its holdings in shares of Keysight Technologies by 16.5% during the third quarter. Pendal Group Limited now owns 1,059,814 shares of the scientific and technical instruments company’s stock valued at $104,688,000 after purchasing an additional 149,931 shares during the last quarter. Institutional investors own 86.91% of the company’s stock.

KEYS has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Keysight Technologies from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Edward Jones initiated coverage on Keysight Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Barclays increased their price objective on Keysight Technologies from $119.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Credit Suisse Group reissued a “buy” rating on shares of Keysight Technologies in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $129.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Keysight Technologies has an average rating of “Buy” and an average price target of $124.50.

Shares of NYSE KEYS opened at $116.10 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.55 and a current ratio of 3.34. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 36.51, a P/E/G ratio of 2.46 and a beta of 1.04. The business’s 50-day simple moving average is $104.96 and its 200-day simple moving average is $100.57. Keysight Technologies, Inc. has a 52 week low of $77.93 and a 52 week high of $117.92.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Thursday, August 20th. The scientific and technical instruments company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.36. Keysight Technologies had a return on equity of 25.02% and a net margin of 14.68%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $913.42 million. During the same quarter in the prior year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Keysight Technologies, Inc. will post 4.29 earnings per share for the current 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 regions. Its Communications Solutions Group segment provides electronic design automation (EDA) software; and radio frequency and microwave test instruments; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.

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

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