Los Angeles Capital Management LLC Has $465,000 Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Los Angeles Capital Management LLC lessened its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 78.4% during the third quarter, Holdings Channel.com reports. The firm owned 2,828 shares of the scientific and technical instruments company’s stock after selling 10,275 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Keysight Technologies were worth $465,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kiwi Wealth Investments Limited Partnership lifted its holdings in Keysight Technologies by 4.4% in the second quarter. Kiwi Wealth Investments Limited Partnership now owns 92,424 shares of the scientific and technical instruments company’s stock valued at $14,271,000 after buying an additional 3,911 shares during the period. Jones Financial Companies Lllp lifted its holdings in Keysight Technologies by 301.2% in the second quarter. Jones Financial Companies Lllp now owns 333 shares of the scientific and technical instruments company’s stock valued at $51,000 after buying an additional 250 shares during the period. Marshall Wace LLP lifted its holdings in Keysight Technologies by 1,471.7% in the second quarter. Marshall Wace LLP now owns 84,166 shares of the scientific and technical instruments company’s stock valued at $12,996,000 after buying an additional 78,811 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Keysight Technologies by 11.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 474,554 shares of the scientific and technical instruments company’s stock valued at $77,964,000 after buying an additional 48,654 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in Keysight Technologies by 85.9% in the third quarter. Stratos Wealth Partners LTD. now owns 3,854 shares of the scientific and technical instruments company’s stock valued at $633,000 after buying an additional 1,781 shares during the period. Institutional investors own 83.44% of the company’s stock.

NYSE:KEYS opened at $187.14 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.93 and a quick ratio of 2.34. The firm has a 50-day moving average of $196.08 and a 200-day moving average of $178.31. The company has a market cap of $34.25 billion, a PE ratio of 39.07, a PEG ratio of 3.43 and a beta of 0.97. Keysight Technologies, Inc. has a one year low of $129.09 and a one year high of $209.08.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Monday, November 22nd. The scientific and technical instruments company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.64 by $0.18. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Keysight Technologies had a net margin of 18.09% and a return on equity of 29.33%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. On average, equities research analysts expect that Keysight Technologies, Inc. will post 6.51 earnings per share for the current fiscal year.

Keysight Technologies declared that its board has authorized a share buyback plan on Monday, November 22nd that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Keysight Technologies from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 23rd. JPMorgan Chase & Co. lifted their price target on shares of Keysight Technologies from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, December 13th. Robert W. Baird lifted their price target on shares of Keysight Technologies from $175.00 to $198.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. Susquehanna reaffirmed a “buy” rating on shares of Keysight Technologies in a research note on Monday, November 22nd. Finally, Citigroup lifted their price target on shares of Keysight Technologies from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 23rd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $200.38.

In other Keysight Technologies news, SVP Soon Chai Gooi sold 13,125 shares of the company’s stock in a transaction dated Wednesday, November 24th. The shares were sold at an average price of $194.78, for a total value of $2,556,487.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Page sold 20,183 shares of the company’s stock in a transaction dated Thursday, December 23rd. The stock was sold at an average price of $202.17, for a total transaction of $4,080,397.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,536 shares of company stock valued at $41,351,697. 0.52% of the stock is currently owned by insiders.

Keysight Technologies Profile

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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

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