Banque Cantonale Vaudoise Purchases 3,995 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

by · The Cerbat Gem

Banque Cantonale Vaudoise raised its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 62.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,350 shares of the scientific and technical instruments company’s stock after buying an additional 3,995 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Keysight Technologies were worth $1,370,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Panagora Asset Management Inc. raised its stake in shares of Keysight Technologies by 14.7% in the first quarter. Panagora Asset Management Inc. now owns 9,411 shares of the scientific and technical instruments company’s stock worth $1,487,000 after purchasing an additional 1,206 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Keysight Technologies by 1.3% in the first quarter. Blair William & Co. IL now owns 6,780 shares of the scientific and technical instruments company’s stock worth $1,071,000 after purchasing an additional 88 shares during the last quarter. Prudential PLC purchased a new position in shares of Keysight Technologies in the first quarter worth $592,000. National Pension Service raised its stake in shares of Keysight Technologies by 2.2% in the first quarter. National Pension Service now owns 274,276 shares of the scientific and technical instruments company’s stock worth $43,327,000 after purchasing an additional 5,882 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Keysight Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock worth $3,214,409,000 after purchasing an additional 153,857 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Keysight Technologies Stock Performance

NYSE KEYS opened at $155.70 on Monday. The firm has a market cap of $27.20 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 4.33 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $151.72 and a 200-day moving average price of $141.84. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $189.32.

Keysight Technologies (NYSE:KEYS – Get Free Report) last posted its earnings results on Monday, November 20th. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Keysight Technologies had a return on equity of 28.98% and a net margin of 19.34%. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.02 earnings per share. As a group, equities research analysts predict that Keysight Technologies, Inc. will post 6.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ronald S. Nersesian sold 29,672 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $159.82, for a total value of $4,742,179.04. Following the sale, the director now directly owns 296,619 shares in the company, valued at $47,405,648.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Neil Dougherty sold 14,686 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $159.35, for a total value of $2,340,214.10. Following the sale, the chief financial officer now directly owns 106,793 shares in the company, valued at $17,017,464.55. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ronald S. Nersesian sold 29,672 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $159.82, for a total value of $4,742,179.04. Following the completion of the sale, the director now owns 296,619 shares in the company, valued at $47,405,648.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,402 shares of company stock worth $11,764,950. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KEYS shares. StockNews.com cut Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Barclays reduced their price objective on Keysight Technologies from $144.00 to $134.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 21st. Citigroup cut their price target on Keysight Technologies from $174.00 to $165.00 and set a “buy” rating for the company in a report on Monday, November 13th. Robert W. Baird boosted their price target on Keysight Technologies from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 21st. Finally, TheStreet raised Keysight Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $171.18.

Check Out Our Latest Stock Analysis on KEYS

Keysight Technologies Profile

(Free Report)

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.

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