Polar Capital LLP Reduces Position in Keysight Technologies Inc (KEYS)

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Polar Capital LLP reduced its position in shares of Keysight Technologies Inc (NYSE:KEYS) by 63.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,591 shares of the scientific and technical instruments company’s stock after selling 252,653 shares during the period. Polar Capital LLP owned approximately 0.08% of Keysight Technologies worth $9,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KEYS. BlackRock Inc. increased its stake in Keysight Technologies by 1.4% during the 3rd quarter. BlackRock Inc. now owns 17,742,617 shares of the scientific and technical instruments company’s stock worth $1,175,982,000 after acquiring an additional 247,405 shares during the period. Vanguard Group Inc increased its stake in Keysight Technologies by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 17,295,881 shares of the scientific and technical instruments company’s stock worth $1,146,370,000 after acquiring an additional 421,861 shares during the period. Bank of New York Mellon Corp increased its stake in Keysight Technologies by 21.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,442,341 shares of the scientific and technical instruments company’s stock worth $360,718,000 after acquiring an additional 962,129 shares during the period. Geode Capital Management LLC increased its stake in Keysight Technologies by 48.2% during the 4th quarter. Geode Capital Management LLC now owns 2,678,128 shares of the scientific and technical instruments company’s stock worth $165,994,000 after acquiring an additional 871,373 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Keysight Technologies by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,459,205 shares of the scientific and technical instruments company’s stock worth $152,668,000 after acquiring an additional 208,662 shares during the period. 88.50% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Dougherty & Co reiterated a “sell” rating on shares of Keysight Technologies in a research note on Friday, March 1st. Deutsche Bank lifted their price target on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. Citigroup upgraded Keysight Technologies to a “top pick” rating and set a $100.00 price target on the stock in a research note on Friday, February 22nd. Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Thursday, February 14th. Finally, Credit Suisse Group lifted their price target on Keysight Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Keysight Technologies currently has a consensus rating of “Buy” and an average target price of $83.11.

In related news, SVP Satish Dhanasekaran sold 1,354 shares of the business’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $61.54, for a total transaction of $83,325.16. Following the sale, the senior vice president now owns 29,337 shares in the company, valued at approximately $1,805,398.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John C. Skinner sold 4,671 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $84.61, for a total value of $395,213.31. Following the sale, the vice president now owns 30,377 shares in the company, valued at approximately $2,570,197.97. The disclosure for this sale can be found here. Insiders have sold a total of 96,286 shares of company stock worth $8,130,230 in the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

Shares of KEYS opened at $85.33 on Friday. Keysight Technologies Inc has a 52-week low of $50.25 and a 52-week high of $86.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.82. The firm has a market capitalization of $15.83 billion, a PE ratio of 28.44 and a beta of 1.17.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.22 million. Keysight Technologies had a return on equity of 25.15% and a net margin of 4.57%. Equities research analysts expect that Keysight Technologies Inc will post 3.6 earnings per share for the current year.

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About Keysight Technologies

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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