Principal Financial Group Inc. Raises Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Principal Financial Group Inc. boosted its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 2.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 239,720 shares of the scientific and technical instruments company's stock after buying an additional 6,241 shares during the period. Principal Financial Group Inc. owned 0.14% of Keysight Technologies worth $38,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KEYS. Malaga Cove Capital LLC acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth approximately $292,000. Concurrent Investment Advisors LLC raised its position in Keysight Technologies by 5.0% in the third quarter. Concurrent Investment Advisors LLC now owns 8,136 shares of the scientific and technical instruments company's stock worth $1,293,000 after purchasing an additional 386 shares in the last quarter. Maia Wealth LLC acquired a new position in Keysight Technologies during the third quarter worth $89,000. Amalgamated Bank grew its holdings in shares of Keysight Technologies by 0.8% during the third quarter. Amalgamated Bank now owns 35,749 shares of the scientific and technical instruments company's stock worth $5,682,000 after purchasing an additional 298 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on KEYS. JPMorgan Chase & Co. lifted their price target on Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 21st. Robert W. Baird cut their price objective on Keysight Technologies from $167.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Vertical Research assumed coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $175.00 target price on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Bank of America increased their price objective on Keysight Technologies from $135.00 to $150.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $170.89.

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded down $2.44 during midday trading on Tuesday, hitting $161.30. The company's stock had a trading volume of 362,971 shares, compared to its average volume of 1,171,168. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $166.28. The firm's fifty day moving average price is $154.49 and its 200-day moving average price is $145.70. The firm has a market cap of $27.99 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 quick ratio of 1.52 and a current ratio of 2.05.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results 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 analysts' expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 EPS. On average, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.