FUKOKU MUTUAL LIFE INSURANCE Co Acquires New Holdings in Keysight Technologies Inc. $KEYS

FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,331 shares of the scientific and technical instruments company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently modified their holdings of KEYS. True Wealth Design LLC grew its position in shares of Keysight Technologies by 358.3% in the second quarter. True Wealth Design LLC now owns 165 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 129 shares during the last quarter. Accent Capital Management LLC purchased a new stake in Keysight Technologies in the 1st quarter valued at approximately $28,000. NewSquare Capital LLC grew its holdings in Keysight Technologies by 155.2% during the 2nd quarter. NewSquare Capital LLC now owns 171 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Keysight Technologies during the second quarter worth $34,000. Finally, Manchester Capital Management LLC raised its holdings in shares of Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In other news, SVP Ingrid A. Estrada sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total transaction of $347,960.00. Following the completion of the sale, the senior vice president directly owned 106,590 shares of the company’s stock, valued at $18,544,528.20. The trade was a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group assumed coverage on Keysight Technologies in a research note on Monday, October 27th. They set a “hold” rating and a $180.00 price objective on the stock. UBS Group started coverage on shares of Keysight Technologies in a report on Tuesday, November 11th. They issued a “buy” rating and a $220.00 target price on the stock. Bank of America lifted their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Morgan Stanley reissued an “equal weight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Friday, October 10th. Finally, Citigroup began coverage on shares of Keysight Technologies in a research report on Friday, November 14th. They set a “buy” rating and a $215.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $194.33.

Keysight Technologies Trading Down 2.9%

Shares of KEYS stock opened at $169.63 on Friday. The firm has a market cap of $29.15 billion, a P/E ratio of 54.02, a PEG ratio of 2.38 and a beta of 1.22. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $187.67. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The firm’s 50-day simple moving average is $173.47 and its 200-day simple moving average is $166.39.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.05. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. Keysight Technologies’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

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.