Paralel Advisors LLC Buys New Position in Keysight Technologies, Inc. (NYSE:KEYS)

Paralel Advisors LLC purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 14,597 shares of the scientific and technical instruments company’s stock, valued at approximately $1,996,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swedbank AB increased its position in shares of Keysight Technologies by 3.8% during the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after acquiring an additional 151,446 shares during the last quarter. Jennison Associates LLC increased its holdings in Keysight Technologies by 53.2% during 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 purchasing an additional 1,323,775 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Keysight Technologies by 352.6% during the 1st 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 purchasing an additional 2,462,543 shares during the last quarter. Norges Bank acquired a new position in shares of Keysight Technologies in the 4th quarter valued at approximately $303,444,000. Finally, AMF Tjanstepension AB boosted its stake in shares of Keysight Technologies by 96.0% during the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock valued at $264,665,000 after buying an additional 828,913 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KEYS. Bank of America lifted their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. Robert W. Baird cut their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Vertical Research initiated coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating 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 seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.40.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded down $3.96 during trading on Friday, hitting $143.11. 907,360 shares of the company traded hands, compared to its average volume of 1,240,447. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 5.23 and a beta of 0.97. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $139.33 and its 200-day moving average is $145.02.

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

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s 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 transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Lisa M. Poole sold 440 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The disclosure for this sale can be found here. Corporate 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.