Cardinal Capital Management Boosts Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

by · The Cerbat Gem

Cardinal Capital Management increased its holdings in Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 1.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,900 shares of the scientific and technical instruments company’s stock after purchasing an additional 410 shares during the period. Cardinal Capital Management’s holdings in Keysight Technologies were worth $6,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its position in Keysight Technologies by 1.0% during the third quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company’s stock valued at $171,830,000 after buying an additional 10,579 shares during the period. Swedbank AB lifted its stake in shares of Keysight Technologies by 7.1% in the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after acquiring an additional 292,372 shares during the last quarter. Creative Planning lifted its stake in shares of Keysight Technologies by 11.4% in the 3rd quarter. Creative Planning now owns 20,874 shares of the scientific and technical instruments company’s stock valued at $3,318,000 after acquiring an additional 2,138 shares during the last quarter. Willis Investment Counsel boosted its holdings in Keysight Technologies by 1.6% during the 3rd quarter. Willis Investment Counsel now owns 73,486 shares of the scientific and technical instruments company’s stock valued at $11,679,000 after acquiring an additional 1,152 shares during the period. Finally, Compagnie Lombard Odier SCmA grew its position in Keysight Technologies by 63.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 66,699 shares of the scientific and technical instruments company’s stock worth $10,600,000 after acquiring an additional 25,809 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Up 0.6 %

Shares of NYSE:KEYS opened at $158.18 on Friday. 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 fifty day simple moving average of $149.22 and a two-hundred day simple moving average of $145.23. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The stock has a market capitalization of $27.61 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 5.28 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $2.04 EPS. Keysight Technologies’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, research analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. increased their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Vertical Research started coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price on the stock. Bank of America raised their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.67.

Get Our Latest Analysis on Keysight Technologies

About Keysight Technologies

(Free Report)

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.

Further Reading