Entropy Technologies LP Makes New Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Entropy Technologies LP purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,074 shares of the scientific and technical instruments company's stock, valued at approximately $3,349,000.

A number of other institutional investors also recently bought and sold shares of the business. Swedbank AB purchased a new stake in Keysight Technologies during the 1st quarter worth about $621,993,000. Price T Rowe Associates Inc. MD grew its stake in shares of Keysight Technologies by 352.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company's stock valued at $494,299,000 after buying an additional 2,462,543 shares during the period. Capital World Investors purchased a new position in shares of Keysight Technologies in the 1st quarter worth $250,097,000. Boston Partners acquired a new position in Keysight Technologies in the first quarter valued at $175,979,000. Finally, Saturna Capital Corp grew its position in Keysight Technologies by 72.0% during the first quarter. Saturna Capital Corp now owns 860,000 shares of the scientific and technical instruments company's stock valued at $134,487,000 after acquiring an additional 360,000 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KEYS shares. Robert W. Baird reduced their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Bank of America increased their target price on Keysight Technologies from $135.00 to $150.00 and gave the company an "underperform" rating in a research note on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $175.00 price target on the stock. Wells Fargo & Company reiterated an "overweight" rating and issued a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $170.89.

Insiders Place Their Bets

In other news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Keysight Technologies Price Performance

Shares of KEYS traded down $2.49 during midday trading on Tuesday, reaching $161.25. The stock had a trading volume of 743,206 shares, compared to its average volume of 1,172,903. The firm's 50 day moving average price is $154.49 and its 200-day moving average price is $145.70. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $166.28. The company has a market capitalization of $27.98 billion, a P/E ratio of 31.49, a P/E/G ratio of 4.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

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

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.