Jennison Associates LLC Purchases Shares of 2,487,830 Keysight Technologies, Inc. (NYSE:KEYS)

Jennison Associates LLC bought a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,487,830 shares of the scientific and technical instruments company’s stock, valued at approximately $395,789,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in shares of Keysight Technologies by 1,588.0% during the third quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company’s stock valued at $153,406,000 after acquiring an additional 1,090,763 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of Keysight Technologies by 14,134.3% during the third quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company’s stock worth $41,641,000 after buying an additional 312,509 shares in the last quarter. Findlay Park Partners LLP raised its holdings in Keysight Technologies by 35.8% in the third quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company’s stock valued at $149,123,000 after acquiring an additional 297,147 shares in the last quarter. Invesco Ltd. boosted its stake in Keysight Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock valued at $229,203,000 after acquiring an additional 247,250 shares during the last quarter. Finally, FMR LLC increased its position in shares of Keysight Technologies by 18.7% in the 3rd quarter. FMR LLC now owns 1,157,984 shares of the scientific and technical instruments company’s stock worth $153,213,000 after purchasing an additional 182,251 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Up 0.1 %

NYSE KEYS traded up $0.10 on Monday, reaching $145.22. The stock had a trading volume of 204,218 shares, compared to its average volume of 1,222,078. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72. The business has a 50 day moving average price of $153.72 and a 200 day moving average price of $146.31. The company has a market capitalization of $25.35 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 6.57 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 EPS. On average, analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $4,457,369.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KEYS. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Barclays upped their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Finally, Citigroup boosted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $160.63.

About Keysight Technologies

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.