BNP Paribas Arbitrage SA Has $9.46 Million Holdings in Keysight Technologies Inc. (KEYS)
BNP Paribas Arbitrage SA grew its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS) by 163.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,011 shares of the scientific and technical instruments company’s stock after buying an additional 140,708 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.12% of Keysight Technologies worth $9,457,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Mckinley Capital Management LLC Delaware acquired a new position in shares of Keysight Technologies during the 2nd quarter worth about $100,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Keysight Technologies during the 2nd quarter worth about $207,000. Creative Planning increased its stake in shares of Keysight Technologies by 1.2% during the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after purchasing an additional 63 shares during the last quarter. Starfire Investment Advisers Inc. acquired a new position in shares of Keysight Technologies during the 2nd quarter worth about $214,000. Finally, Windward Capital Management Co. CA acquired a new position in shares of Keysight Technologies during the 3rd quarter worth about $232,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
Keysight Technologies Inc. (NYSE KEYS) opened at $43.58 on Thursday. Keysight Technologies Inc. has a 52 week low of $34.74 and a 52 week high of $45.65. The company has a market cap of $8,156.19, a PE ratio of 20.00, a P/E/G ratio of 2.25 and a beta of 1.17. The company has a quick ratio of 2.04, a current ratio of 2.75 and a debt-to-equity ratio of 0.92.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The business had revenue of $832.00 million for the quarter, compared to analyst estimates of $862.38 million. During the same quarter in the prior year, the business earned $0.63 EPS. Keysight Technologies’s quarterly revenue was up 16.4% on a year-over-year basis. equities analysts forecast that Keysight Technologies Inc. will post 2.2 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Barclays PLC assumed coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They set an “overweight” rating and a $50.00 price objective on the stock. Jefferies Group LLC restated a “buy” rating and set a $50.00 price objective on shares of Keysight Technologies in a research note on Friday, July 21st. TheStreet upgraded shares of Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price objective on shares of Keysight Technologies in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Keysight Technologies presently has a consensus rating of “Buy” and a consensus price target of $47.33.
In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ronald S. Nersesian sold 58,931 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.
About Keysight Technologies
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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