Plato Investment Management Ltd Buys 1,321 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Plato Investment Management Ltd lifted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 62.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,440 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,321 shares during the quarter. Plato Investment Management Ltd’s holdings in Keysight Technologies were worth $546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KEYS. Meeder Asset Management Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter valued at about $27,000. Family Firm Inc. bought a new position in Keysight Technologies during the second quarter worth about $30,000. American National Bank & Trust acquired a new position in Keysight Technologies during the third quarter worth approximately $31,000. GPS Wealth Strategies Group LLC raised its stake in Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 184 shares during the period. Finally, Versant Capital Management Inc raised its stake in Keysight Technologies by 842.4% in the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 278 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $153.66 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 4.65 and a beta of 0.98. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $166.28. The company has a 50-day simple moving average of $155.05 and a two-hundred day simple moving average of $145.93.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 earnings per share. Analysts forecast that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KEYS. Vertical Research started coverage on Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Bank of America increased their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.89.

Insider Activity

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. This trade represents a 3.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Company Profile

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.