Tocqueville Asset Management L.P. Sells 85,982 Shares of Keysight Technologies Inc (KEYS)
Tocqueville Asset Management L.P. trimmed its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 34.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 161,147 shares of the scientific and technical instruments company’s stock after selling 85,982 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.09% of Keysight Technologies worth $9,513,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. AMP Capital Investors Ltd raised its holdings in Keysight Technologies by 57.8% in the 2nd quarter. AMP Capital Investors Ltd now owns 113,839 shares of the scientific and technical instruments company’s stock worth $6,719,000 after acquiring an additional 41,707 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Keysight Technologies by 4.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 72,903 shares of the scientific and technical instruments company’s stock worth $4,303,000 after acquiring an additional 2,801 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Keysight Technologies in the 2nd quarter worth approximately $3,264,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Keysight Technologies in the 2nd quarter worth approximately $773,000. Finally, BlueMountain Capital Management LLC purchased a new position in Keysight Technologies in the 2nd quarter worth approximately $252,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.
In other Keysight Technologies news, SVP Mark Adam Wallace sold 29,786 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $61.50, for a total transaction of $1,831,839.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is currently owned by insiders.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. sell-side analysts expect that Keysight Technologies Inc will post 2.89 earnings per share for the current year.
A number of equities analysts recently weighed in on KEYS shares. Citigroup boosted their price objective on shares of Keysight Technologies from $62.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Keysight Technologies from a “sell” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Wednesday, June 6th. Barclays set a $58.00 target price on shares of Keysight Technologies and gave the company a “buy” rating in a research note on Thursday, May 31st. Deutsche Bank boosted their target price on shares of Keysight Technologies from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. Finally, Jefferies Financial Group boosted their target price on shares of Keysight Technologies to $74.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $68.22.
Keysight Technologies Profile
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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