Wedge Capital Management L L P NC Has $67.11 Million Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Wedge Capital Management L L P NC grew its position in Keysight Technologies, Inc. (NYSE:KEYS) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 408,477 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,454 shares during the period. Keysight Technologies comprises about 0.9% of Wedge Capital Management L L P NC’s portfolio, making the stock its 17th largest position. Wedge Capital Management L L P NC owned approximately 0.22% of Keysight Technologies worth $67,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Macquarie Group Ltd. raised its holdings in shares of Keysight Technologies by 863.5% during the second quarter. Macquarie Group Ltd. now owns 1,507,777 shares of the scientific and technical instruments company’s stock worth $232,815,000 after acquiring an additional 1,351,293 shares during the period. Morgan Stanley raised its holdings in shares of Keysight Technologies by 174.6% during the second quarter. Morgan Stanley now owns 1,114,110 shares of the scientific and technical instruments company’s stock worth $172,030,000 after acquiring an additional 708,404 shares during the period. Vontobel Asset Management Inc. raised its holdings in shares of Keysight Technologies by 22.7% during the second quarter. Vontobel Asset Management Inc. now owns 3,304,499 shares of the scientific and technical instruments company’s stock worth $527,120,000 after acquiring an additional 611,659 shares during the period. Amundi bought a new position in Keysight Technologies in the second quarter valued at $70,208,000. Finally, JPMorgan Chase & Co. grew its position in Keysight Technologies by 12.6% in the second 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. Institutional investors own 84.29% of the company’s stock.

In other news, SVP Huei Sin Ee sold 8,256 shares of the firm’s stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $180.79, for a total transaction of $1,492,602.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Shares of KEYS traded up $4.37 during midday trading on Thursday, reaching $199.66. The stock had a trading volume of 1,779,684 shares, compared to its average volume of 999,157. The firm has a 50 day simple moving average of $177.59 and a 200-day simple moving average of $164.77. The company has a current ratio of 3.19, a quick ratio of 2.55 and a debt-to-equity ratio of 0.48. The firm has a market cap of $36.78 billion, a PE ratio of 45.17, a P/E/G ratio of 2.69 and a beta of 0.99. Keysight Technologies, Inc. has a one year low of $117.12 and a one year high of $200.76.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Monday, November 22nd. The scientific and technical instruments company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.18. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Keysight Technologies had a net margin of 17.03% and a return on equity of 29.41%. Keysight Technologies’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 EPS. As a group, research analysts forecast that Keysight Technologies, Inc. will post 5.55 EPS for the current fiscal year.

Keysight Technologies announced that its Board of Directors has authorized a stock repurchase program on Monday, November 22nd that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

KEYS has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Keysight Technologies from $170.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, August 24th. Barclays raised their target price on shares of Keysight Technologies from $162.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, August 19th. The Goldman Sachs Group raised their target price on shares of Keysight Technologies from $180.00 to $192.00 and gave the company a “buy” rating in a research report on Sunday, September 26th. Credit Suisse Group raised their target price on shares of Keysight Technologies from $175.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Susquehanna reissued a “buy” rating on shares of Keysight Technologies in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $193.25.

About Keysight Technologies

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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