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

Sumitomo Mitsui Trust Group Inc. grew its position in Keysight Technologies, Inc. (NYSE:KEYS) by 0.7% in the third quarter, according to its most recent filing with the SEC. The fund 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.’s holdings in Keysight Technologies were worth $68,378,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Swedbank AB raised its position in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Keysight Technologies by 352.6% in the 1st 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 buying an additional 2,462,543 shares during the last quarter. Capital World Investors acquired a new stake in Keysight Technologies during the 1st quarter worth approximately $250,097,000. Van ECK Associates Corp grew its holdings in Keysight Technologies by 6.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company’s stock worth $188,540,000 after acquiring an additional 79,774 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Keysight Technologies by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 1,141,274 shares of the scientific and technical instruments company’s stock valued at $178,473,000 after acquiring an additional 42,126 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KEYS shares. Susquehanna cut their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $158.00 to $180.00 in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Robert W. Baird dropped their price target 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.89.

Keysight Technologies Trading Down 2.3 %

NYSE:KEYS opened at $153.66 on Friday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $166.28. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 4.77 and a beta of 0.98. The firm has a fifty day simple moving average of $155.05 and a two-hundred day simple moving average of $145.93.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 EPS. Analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

Keysight Technologies Company Profile

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.