Keysight Technologies Inc (KEYS) Position Raised by CI Investments Inc.

CI Investments Inc. grew its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 537,599 shares of the scientific and technical instruments company’s stock after buying an additional 3,566 shares during the quarter. CI Investments Inc. owned 0.29% of Keysight Technologies worth $35,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KEYS. Bank of New York Mellon Corp grew its stake in Keysight Technologies by 78.6% during the second quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock worth $264,467,000 after buying an additional 1,972,306 shares during the period. BlackRock Inc. grew its stake in Keysight Technologies by 7.5% during the second quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock worth $1,032,745,000 after buying an additional 1,213,517 shares during the period. Millennium Management LLC grew its stake in Keysight Technologies by 151.5% during the second quarter. Millennium Management LLC now owns 1,206,271 shares of the scientific and technical instruments company’s stock worth $71,206,000 after buying an additional 726,653 shares during the period. Carillon Tower Advisers Inc. grew its stake in Keysight Technologies by 70.0% during the second quarter. Carillon Tower Advisers Inc. now owns 1,313,221 shares of the scientific and technical instruments company’s stock worth $77,519,000 after buying an additional 540,583 shares during the period. Finally, Swiss National Bank grew its stake in Keysight Technologies by 92.0% during the second quarter. Swiss National Bank now owns 619,800 shares of the scientific and technical instruments company’s stock worth $36,587,000 after buying an additional 296,964 shares during the period. Institutional investors own 85.92% of the company’s stock.

Several research analysts have recently weighed in on the stock. Deutsche Bank upped their target price on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Jefferies Financial Group upped their target price on shares of Keysight Technologies from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, November 21st. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research note on Friday, August 24th. Stifel Nicolaus assumed coverage on shares of Keysight Technologies in a research note on Monday, October 22nd. They issued a “buy” rating and a $73.00 target price for the company. Finally, Goldman Sachs Group upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Keysight Technologies currently has an average rating of “Buy” and a consensus price target of $71.22.

Shares of KEYS stock opened at $59.90 on Tuesday. The firm has a market capitalization of $11.52 billion, a PE ratio of 19.97 and a beta of 1.20. The company has a quick ratio of 1.20, a current ratio of 1.63 and a debt-to-equity ratio of 0.53. Keysight Technologies Inc has a twelve month low of $41.33 and a twelve month high of $70.40.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.12. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, research analysts predict that Keysight Technologies Inc will post 3.5 EPS for the current year.

In related news, SVP Stephen D. Williams sold 17,752 shares of the company’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $57.16, for a total value of $1,014,704.32. Following the sale, the senior vice president now directly owns 56,986 shares of the company’s stock, valued at $3,257,319.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Neil Dougherty sold 3,999 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total transaction of $262,214.43. The disclosure for this sale can be found here. Insiders sold 224,508 shares of company stock worth $13,389,170 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

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Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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