Geode Capital Management LLC Acquires 871,373 Shares of Keysight Technologies Inc (KEYS)

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Geode Capital Management LLC grew its position in Keysight Technologies Inc (NYSE:KEYS) by 48.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,678,128 shares of the scientific and technical instruments company’s stock after acquiring an additional 871,373 shares during the period. Geode Capital Management LLC’s holdings in Keysight Technologies were worth $165,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc raised its holdings in shares of Keysight Technologies by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 17,295,881 shares of the scientific and technical instruments company’s stock valued at $1,146,370,000 after purchasing an additional 421,861 shares in the last quarter. Victory Capital Management Inc. raised its stake in Keysight Technologies by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,459,205 shares of the scientific and technical instruments company’s stock worth $152,668,000 after acquiring an additional 208,662 shares in the last quarter. Northern Trust Corp raised its stake in Keysight Technologies by 20.3% during the 4th quarter. Northern Trust Corp now owns 2,131,490 shares of the scientific and technical instruments company’s stock worth $132,322,000 after acquiring an additional 359,181 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Keysight Technologies by 10.5% during the 4th quarter. Eagle Asset Management Inc. now owns 1,555,523 shares of the scientific and technical instruments company’s stock worth $96,566,000 after acquiring an additional 147,712 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Keysight Technologies by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,325,894 shares of the scientific and technical instruments company’s stock worth $82,312,000 after acquiring an additional 15,309 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

In other Keysight Technologies news, CFO Neil Dougherty sold 42,133 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $84.85, for a total transaction of $3,574,985.05. Following the transaction, the chief financial officer now directly owns 77,217 shares of the company’s stock, valued at approximately $6,551,862.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jay Alexander sold 17,342 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $84.52, for a total transaction of $1,465,745.84. Following the transaction, the senior vice president now directly owns 78,720 shares in the company, valued at $6,653,414.40. The disclosure for this sale can be found here. Insiders have sold a total of 99,707 shares of company stock worth $8,455,884 over the last three months. 0.65% of the stock is currently owned by insiders.

Shares of Keysight Technologies stock opened at $73.69 on Friday. Keysight Technologies Inc has a 1 year low of $52.67 and a 1 year high of $93.77. The company has a current ratio of 1.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 24.56 and a beta of 1.14.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Keysight Technologies had a net margin of 4.57% and a return on equity of 25.15%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $978.22 million. On average, research analysts forecast that Keysight Technologies Inc will post 3.66 EPS for the current year.

KEYS has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Jefferies Financial Group lifted their price target on shares of Keysight Technologies to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. TheStreet upgraded shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. Deutsche Bank lifted their price target on shares of Keysight Technologies from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Robert W. Baird lowered shares of Keysight Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $82.00 in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Keysight Technologies currently has a consensus rating of “Buy” and a consensus price target of $89.33.

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Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

Read More: How is net asset value different from market price?

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

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