PNC Financial Services Group Inc. Has $8.52 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

PNC Financial Services Group Inc. grew its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,624 shares of the scientific and technical instruments company’s stock after purchasing an additional 187 shares during the period. PNC Financial Services Group Inc.’s holdings in Keysight Technologies were worth $8,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its holdings in shares of Keysight Technologies by 39.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,785 shares of the scientific and technical instruments company’s stock worth $1,061,000 after buying an additional 1,912 shares in the last quarter. Advisors Asset Management Inc. grew its position in Keysight Technologies by 32.2% during the 1st quarter. Advisors Asset Management Inc. now owns 16,350 shares of the scientific and technical instruments company’s stock worth $2,557,000 after acquiring an additional 3,982 shares during the last quarter. Magnetar Financial LLC acquired a new position in Keysight Technologies in the 1st quarter worth about $337,000. Price T Rowe Associates Inc. MD raised its position in Keysight Technologies by 352.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after purchasing an additional 2,462,543 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Keysight Technologies by 9.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 83,128 shares of the scientific and technical instruments company’s stock worth $13,000,000 after buying an additional 6,833 shares during the period. 84.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KEYS. StockNews.com downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Susquehanna reaffirmed a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Morgan Stanley increased their price target on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.30.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $170.28 on Friday. The firm has a 50 day moving average of $156.16 and a 200-day moving average of $146.27. The company has a market cap of $29.55 billion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 4.46 and a beta of 0.98. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $171.05.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.34%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company posted $2.04 earnings per share. The business’s quarterly revenue was down 11.9% on a year-over-year basis. On average, equities analysts forecast that Keysight Technologies, Inc. will post 6.18 earnings per share 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.