Industrial Alliance Investment Management Inc. Purchases Shares of 24,770 Keysight Technologies, Inc. (NYSE:KEYS)

Industrial Alliance Investment Management Inc. purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,770 shares of the scientific and technical instruments company’s stock, valued at approximately $3,898,000.

Several other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new position in shares of Keysight Technologies in the 2nd quarter worth approximately $26,000. Private Trust Co. NA boosted its holdings in shares of Keysight Technologies by 134.2% in the 3rd quarter. Private Trust Co. NA now owns 185 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 106 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Keysight Technologies in the 3rd quarter worth approximately $31,000. CI Investments Inc. boosted its holdings in shares of Keysight Technologies by 968.2% in the 3rd quarter. CI Investments Inc. now owns 235 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 213 shares during the period. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Keysight Technologies in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KEYS. The Goldman Sachs Group cut Keysight Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $196.00 to $189.00 in a report on Tuesday, January 10th. Morgan Stanley boosted their price objective on Keysight Technologies from $170.00 to $184.00 and gave the company an “equal weight” rating in a report on Tuesday, December 13th. Susquehanna restated a “positive” rating and set a $208.00 price objective on shares of Keysight Technologies in a report on Thursday, March 9th. StockNews.com assumed coverage on Keysight Technologies in a report on Thursday. They set a “buy” rating for the company. Finally, Susquehanna Bancshares dropped their price objective on Keysight Technologies from $205.00 to $200.00 and set a “positive” rating for the company in a report on Friday, November 18th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.75.

Keysight Technologies Trading Down 1.5 %

Shares of NYSE KEYS opened at $154.45 on Thursday. The company has a quick ratio of 2.45, a current ratio of 3.07 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $173.43 and a two-hundred day simple moving average of $170.43. The firm has a market cap of $27.51 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 2.57 and a beta of 1.07. Keysight Technologies, Inc. has a twelve month low of $127.93 and a twelve month high of $189.45.

Keysight Technologies (NYSE:KEYS – Get Rating) last issued its earnings results on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Keysight Technologies had a return on equity of 32.50% and a net margin of 20.81%. Keysight Technologies’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 EPS. Analysts expect that Keysight Technologies, Inc. will post 7.3 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In other news, insider Ronald S. Nersesian sold 18,069 shares of the business’s stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $170.00, for a total value of $3,071,730.00. Following the completion of the transaction, the insider now directly owns 275,209 shares of the company’s stock, valued at approximately $46,785,530. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Keysight Technologies Company Profile

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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.