M&R Capital Management Inc. Trims Holdings in Keysight Technologies Inc (NYSE:KEYS)

M&R Capital Management Inc. lessened its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 10.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,074 shares of the scientific and technical instruments company’s stock after selling 600 shares during the period. M&R Capital Management Inc.’s holdings in Keysight Technologies were worth $501,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Keysight Technologies by 25.0% during the 2nd quarter. BlackRock Inc. now owns 20,572,642 shares of the scientific and technical instruments company’s stock worth $2,073,312,000 after acquiring an additional 4,120,113 shares during the period. Mackenzie Financial Corp boosted its position in shares of Keysight Technologies by 528.7% in the 1st quarter. Mackenzie Financial Corp now owns 1,582,232 shares of the scientific and technical instruments company’s stock worth $132,401,000 after purchasing an additional 1,330,554 shares in the last quarter. California Public Employees Retirement System lifted its position in Keysight Technologies by 272.3% in the 2nd quarter. California Public Employees Retirement System now owns 1,577,232 shares of the scientific and technical instruments company’s stock valued at $158,953,000 after acquiring an additional 1,153,530 shares in the last quarter. Unigestion Holding SA purchased a new stake in Keysight Technologies during the 2nd quarter valued at $53,881,000. Finally, Strs Ohio raised its stake in Keysight Technologies by 2,798.9% during the 2nd quarter. Strs Ohio now owns 549,217 shares of the scientific and technical instruments company’s stock valued at $55,350,000 after buying an additional 530,271 shares during the last quarter. Institutional investors own 86.91% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Keysight Technologies from $119.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Robert W. Baird upped their price target on Keysight Technologies from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. UBS Group initiated coverage on Keysight Technologies in a research report on Tuesday, September 15th. They set a “buy” rating and a $133.00 price objective on the stock. Citigroup boosted their price objective on Keysight Technologies from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Keysight Technologies in a research note on Monday, August 17th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $125.64.

NYSE KEYS traded down $1.30 during trading hours on Thursday, reaching $97.48. The company’s stock had a trading volume of 1,390,928 shares, compared to its average volume of 1,829,176. The firm’s 50-day moving average price is $97.54 and its 200-day moving average price is $96.77. The company has a quick ratio of 2.55, a current ratio of 3.34 and a debt-to-equity ratio of 0.53. Keysight Technologies Inc has a 1 year low of $77.93 and a 1 year high of $110.00. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.57 and a beta of 1.07.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Thursday, August 20th. The scientific and technical instruments company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.36. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $913.42 million. Keysight Technologies had a return on equity of 25.02% and a net margin of 14.68%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. Equities research analysts anticipate that Keysight Technologies Inc will post 4.18 EPS for the current fiscal year.

Keysight Technologies Company 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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