QRG Capital Management Inc. Has $2.99 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

QRG Capital Management Inc. increased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,818 shares of the scientific and technical instruments company’s stock after buying an additional 1,504 shares during the quarter. QRG Capital Management Inc.’s holdings in Keysight Technologies were worth $2,991,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KEYS shares. Vertical Research began coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. Susquehanna lowered their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. Robert W. Baird cut their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.89.

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’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 sale, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Keysight Technologies Stock Up 4.5 %

NYSE KEYS opened at $161.85 on Thursday. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $162.51. The stock has a market cap of $28.09 billion, a PE ratio of 31.13, a PEG ratio of 4.54 and a beta of 0.98. The firm has a 50-day simple moving average of $153.82 and a 200 day simple moving average of $145.32. 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) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm posted $2.04 EPS. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, research analysts forecast that Keysight Technologies, Inc. will post 5.43 EPS for the current 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.