Keysight Technologies, Inc. (NYSE:KEYS) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,818 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,504 shares during the period. QRG Capital Management Inc.’s holdings in Keysight Technologies were worth $2,991,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in shares of Keysight Technologies during the second quarter worth about $27,000. Family Firm Inc. acquired a new position in Keysight Technologies during the 2nd quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in Keysight Technologies during the 1st quarter valued at about $31,000. American National Bank & Trust bought a new position in Keysight Technologies in the 3rd quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 184 shares during the period. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Trading Up 4.5 %

Shares of NYSE KEYS opened at $161.85 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $162.51. The company has a market cap of $28.09 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 4.54 and a beta of 0.98. The business has a fifty day simple moving average of $153.82 and a 200-day simple moving average of $145.32.

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, topping the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the company posted $2.04 earnings per share. Sell-side analysts predict that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KEYS shares. JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Barclays upgraded shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $158.00 to $180.00 in a research report on Monday. Susquehanna dropped their price target 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. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, 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 report on Monday, August 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $170.89.

Insider Buying and Selling

In other 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 value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

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.