E Fund Management Co. Ltd. Boosts Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

E Fund Management Co. Ltd. raised its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 40.0% in the 2nd quarter, Holdings Channel reports. The fund owned 2,001 shares of the scientific and technical instruments company’s stock after acquiring an additional 572 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Keysight Technologies were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Keysight Technologies during the 2nd quarter valued at approximately $1,416,000. Edgestream Partners L.P. increased its position in Keysight Technologies by 974.3% during the 2nd quarter. Edgestream Partners L.P. now owns 30,262 shares of the scientific and technical instruments company’s stock worth $4,138,000 after purchasing an additional 27,445 shares during the period. Lmcg Investments LLC increased its position in Keysight Technologies by 14.3% during the 2nd quarter. Lmcg Investments LLC now owns 42,975 shares of the scientific and technical instruments company’s stock worth $5,877,000 after purchasing an additional 5,389 shares during the period. Dimensional Fund Advisors LP increased its position in Keysight Technologies by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,122,309 shares of the scientific and technical instruments company’s stock worth $153,470,000 after purchasing an additional 141,062 shares during the period. Finally, Lyell Wealth Management LP increased its position in Keysight Technologies by 4.7% during the 2nd quarter. Lyell Wealth Management LP now owns 4,029 shares of the scientific and technical instruments company’s stock worth $551,000 after purchasing an additional 180 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Susquehanna dropped their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Bank of America boosted their target price on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Vertical Research assumed coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price on the stock. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Keysight Technologies Price Performance

Shares of NYSE:KEYS opened at $150.23 on Thursday. The business’s fifty day moving average price is $141.31 and its two-hundred day moving average price is $144.86. The stock has a market cap of $26.22 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51.

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