Axa S.A. Trims Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Axa S.A. reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 29.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 44,965 shares of the scientific and technical instruments company’s stock after selling 18,412 shares during the period. Axa S.A.’s holdings in Keysight Technologies were worth $6,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mackenzie Financial Corp raised its stake in Keysight Technologies by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 4,859,701 shares of the scientific and technical instruments company’s stock worth $750,386,000 after acquiring an additional 130,752 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Keysight Technologies by 12.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,986,627 shares of the scientific and technical instruments company’s stock valued at $615,575,000 after purchasing an additional 445,591 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Keysight Technologies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,228,416 shares of the scientific and technical instruments company’s stock valued at $497,109,000 after purchasing an additional 50,326 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Keysight Technologies by 41.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,166,075 shares of the scientific and technical instruments company’s stock valued at $454,015,000 after purchasing an additional 927,835 shares in the last quarter. Finally, Ninety One UK Ltd increased its stake in shares of Keysight Technologies by 4.3% in the 2nd quarter. Ninety One UK Ltd now owns 3,074,007 shares of the scientific and technical instruments company’s stock valued at $474,657,000 after purchasing an additional 127,263 shares in the last quarter. 83.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE KEYS opened at $164.03 on Thursday. Keysight Technologies, Inc. has a 1 year low of $102.77 and a 1 year high of $182.49. The firm’s 50 day moving average price is $171.68 and its 200 day moving average price is $156.60. The firm has a market cap of $30.21 billion, a P/E ratio of 37.11, a price-to-earnings-growth ratio of 2.82 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.55 and a current ratio of 3.19.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 17th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.10. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. Keysight Technologies had a net margin of 17.03% and a return on equity of 29.41%. Keysight Technologies’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter last year, the business earned $1.19 EPS. As a group, equities analysts predict that Keysight Technologies, Inc. will post 5.55 EPS for the current year.

Several equities analysts recently weighed in on KEYS shares. UBS Group lifted their price target on Keysight Technologies from $170.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, August 24th. Susquehanna Bancshares lifted their price objective on Keysight Technologies from $178.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, August 19th. Barclays boosted their target price on Keysight Technologies from $162.00 to $164.00 and gave the stock an “equal weight” rating in a report on Thursday, August 19th. Citigroup upped their price objective on Keysight Technologies from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, August 19th. Finally, Susquehanna boosted their target price on Keysight Technologies from $178.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, August 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Keysight Technologies has an average rating of “Buy” and an average price target of $181.91.

In related news, SVP Huei Sin Ee sold 8,256 shares of the business’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $180.79, for a total value of $1,492,602.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Satish Dhanasekaran sold 677 shares of the business’s stock in a transaction that occurred on Wednesday, July 21st. The shares were sold at an average price of $157.07, for a total transaction of $106,336.39. Following the sale, the chief operating officer now owns 60,800 shares in the company, valued at approximately $9,549,856. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

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.

Further Reading: Earnings Reports

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

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