Martingale Asset Management L P Acquires Shares of 4,117 Keysight Technologies Inc (KEYS)

Martingale Asset Management L P acquired a new stake in Keysight Technologies Inc (NYSE:KEYS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,117 shares of the scientific and technical instruments company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Keysight Technologies by 44.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 69,003 shares of the scientific and technical instruments company’s stock valued at $4,563,000 after purchasing an additional 21,298 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Keysight Technologies by 74.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,167 shares of the scientific and technical instruments company’s stock valued at $2,065,000 after purchasing an additional 13,286 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Keysight Technologies by 5.4% in the 3rd quarter. Wells Fargo & Company MN now owns 230,771 shares of the scientific and technical instruments company’s stock valued at $15,295,000 after purchasing an additional 11,744 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Keysight Technologies by 15.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 11,300 shares of the scientific and technical instruments company’s stock valued at $749,000 after purchasing an additional 1,500 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Keysight Technologies by 132.6% in the 3rd quarter. SG Americas Securities LLC now owns 90,999 shares of the scientific and technical instruments company’s stock valued at $6,031,000 after purchasing an additional 51,872 shares during the last quarter. 88.50% of the stock is owned by institutional investors.

Several equities analysts have commented on KEYS shares. Zacks Investment Research downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Jefferies Financial Group boosted 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. ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Finally, TheStreet upgraded shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $83.11.

In other news, CFO Neil Dougherty sold 42,133 shares of Keysight Technologies 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 completion of the sale, the chief financial officer now directly owns 77,217 shares of the company’s stock, valued at approximately $6,551,862.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ingrid A. Estrada sold 30,786 shares of Keysight Technologies stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $84.81, for a total transaction of $2,610,960.66. Following the sale, the senior vice president now directly owns 107,445 shares of the company’s stock, valued at $9,112,410.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,286 shares of company stock valued at $8,130,230. Corporate insiders own 0.65% of the company’s stock.

NYSE:KEYS opened at $85.98 on Friday. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 28.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.36. Keysight Technologies Inc has a 52 week low of $50.25 and a 52 week high of $86.59.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $978.22 million. Keysight Technologies had a net margin of 4.57% and a return on equity of 25.15%. On average, sell-side analysts anticipate that Keysight Technologies Inc will post 3.6 earnings per share for the current fiscal year.

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Keysight Technologies 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.

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

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