Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in Keysight Technologies Inc. $KEYS

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,583 shares of the scientific and technical instruments company’s stock after selling 1,256 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Keysight Technologies were worth $30,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Keysight Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company’s stock valued at $3,140,604,000 after purchasing an additional 95,876 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Keysight Technologies by 16.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company’s stock worth $2,814,195,000 after acquiring an additional 2,675,148 shares during the period. Boston Partners boosted its stake in shares of Keysight Technologies by 10.3% during the 2nd quarter. Boston Partners now owns 4,704,010 shares of the scientific and technical instruments company’s stock worth $770,453,000 after acquiring an additional 440,593 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Keysight Technologies by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,575,953 shares of the scientific and technical instruments company’s stock valued at $747,437,000 after purchasing an additional 40,560 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Keysight Technologies by 1.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,317,700 shares of the scientific and technical instruments company’s stock worth $496,892,000 after purchasing an additional 33,818 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity at Keysight Technologies

In other news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total value of $347,960.00. Following the transaction, the senior vice president directly owned 106,590 shares of the company’s stock, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Keysight Technologies in a report on Thursday. Citigroup assumed coverage on shares of Keysight Technologies in a research note on Friday. They issued a “buy” rating and a $215.00 price target on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $180.00 price target on shares of Keysight Technologies in a report on Friday, October 10th. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, UBS Group initiated coverage on shares of Keysight Technologies in a research report on Tuesday, November 11th. They issued a “buy” rating and a $220.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.18.

Keysight Technologies Stock Down 2.0%

Shares of KEYS opened at $175.54 on Tuesday. The stock has a 50 day moving average price of $173.33 and a 200 day moving average price of $166.13. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $187.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.94 and a current ratio of 3.59. The stock has a market capitalization of $30.17 billion, a price-to-earnings ratio of 55.90, a PEG ratio of 2.38 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.05. Keysight Technologies had a return on equity of 19.53% and a net margin of 10.36%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

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.