Royal London Asset Management Ltd. Increases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Royal London Asset Management Ltd. lifted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,168 shares of the scientific and technical instruments company’s stock after buying an additional 2,523 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Keysight Technologies were worth $9,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB purchased a new stake in Keysight Technologies in the 1st quarter worth $621,993,000. Price T Rowe Associates Inc. MD lifted its position in shares of Keysight Technologies by 352.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after buying an additional 2,462,543 shares in the last quarter. Norges Bank bought a new position in Keysight Technologies during the fourth quarter valued at approximately $303,444,000. Capital World Investors purchased a new position in Keysight Technologies during the 1st quarter valued at approximately $250,097,000. Finally, Jennison Associates LLC increased its stake in Keysight Technologies by 53.2% in the 1st quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock worth $596,059,000 after acquiring an additional 1,323,775 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Up 0.2 %

Shares of NYSE:KEYS opened at $148.42 on Friday. The firm has a market capitalization of $25.91 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 4.85 and a beta of 0.97. The business has a 50 day simple moving average of $140.29 and a two-hundred day simple moving average of $145.03. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $162.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $2.04 EPS. Keysight Technologies’s quarterly revenue was down 11.9% on a year-over-year basis. On average, equities analysts predict that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Susquehanna decreased their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target for the company. Finally, Barclays boosted their price objective on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $167.40.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $136.45, for a total transaction of $60,038.00. Following the transaction, the vice president now owns 3,913 shares in the company, valued at $533,928.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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.