Sumitomo Mitsui Trust Group Inc. Buys 2,898 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 430,240 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,898 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Keysight Technologies worth $68,378,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ferguson Wellman Capital Management Inc. grew its position in shares of Keysight Technologies by 0.6% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company’s stock valued at $1,737,000 after acquiring an additional 73 shares during the period. Wedmont Private Capital grew its holdings in Keysight Technologies by 2.8% during the second quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock worth $391,000 after purchasing an additional 74 shares during the period. Cromwell Holdings LLC increased its position in Keysight Technologies by 15.9% during the third quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company’s stock worth $87,000 after buying an additional 75 shares during the last quarter. Allworth Financial LP raised its stake in Keysight Technologies by 3.9% in the third quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock valued at $317,000 after buying an additional 75 shares during the period. Finally, Diversified LLC raised its stake in Keysight Technologies by 3.6% in the second quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock valued at $309,000 after buying an additional 78 shares during the period. Institutional investors own 84.58% of the company’s stock.

Analysts Set New Price Targets

KEYS has been the subject of several research analyst reports. 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 research note on Wednesday, August 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. Robert W. Baird dropped their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Susquehanna reduced their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. Finally, Barclays raised shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $158.00 to $180.00 in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.89.

Keysight Technologies Trading Down 2.3 %

Shares of NYSE:KEYS opened at $153.66 on Friday. The business’s 50 day simple moving average is $155.05 and its 200 day simple moving average is $145.93. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $166.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The company has a market capitalization of $26.67 billion, a P/E ratio of 29.55, a P/E/G ratio of 4.77 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $2.04 EPS. Keysight Technologies’s quarterly revenue was down 11.9% on a year-over-year basis. On average, research analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.