Jennison Associates LLC Has $2.36 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Posted by on Jul 16th, 2023

Jennison Associates LLC increased its stake in Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 6.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,600 shares of the scientific and technical instruments company’s stock after purchasing an additional 939 shares during the quarter. Jennison Associates LLC’s holdings in Keysight Technologies were worth $2,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KEYS. Panagora Asset Management Inc. lifted its holdings in shares of Keysight Technologies by 14.7% during the first quarter. Panagora Asset Management Inc. now owns 9,411 shares of the scientific and technical instruments company’s stock worth $1,487,000 after buying an additional 1,206 shares during the last quarter. Blair William & Co. IL increased its position in shares of Keysight Technologies by 1.3% during the first quarter. Blair William & Co. IL now owns 6,780 shares of the scientific and technical instruments company’s stock valued at $1,071,000 after purchasing an additional 88 shares during the period. Prudential PLC bought a new stake in shares of Keysight Technologies during the first quarter valued at approximately $592,000. National Pension Service increased its position in shares of Keysight Technologies by 2.2% during the first quarter. National Pension Service now owns 274,276 shares of the scientific and technical instruments company’s stock valued at $43,327,000 after purchasing an additional 5,882 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Keysight Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after purchasing an additional 153,857 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Trading Down 1.2 %

NYSE:KEYS opened at $167.01 on Friday. Keysight Technologies, Inc. has a 1-year low of $139.52 and a 1-year high of $189.45. The business’s 50-day moving average price is $160.35 and its two-hundred day moving average price is $163.26. The company has a current ratio of 3.35, a quick ratio of 2.68 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.74 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS – Get Free Report) last released its earnings results on Tuesday, May 16th. The scientific and technical instruments company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.17. Keysight Technologies had a return on equity of 31.75% and a net margin of 21.11%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts expect that Keysight Technologies, Inc. will post 7.49 earnings per share for the current year.

Analysts Set New Price Targets

KEYS has been the topic of a number of research reports. Citigroup assumed coverage on Keysight Technologies in a research report on Thursday, June 29th. They set a “buy” rating and a $200.00 price objective on the stock. VNET Group restated an “initiates” rating on shares of Keysight Technologies in a report on Friday, June 30th. StockNews.com initiated coverage on Keysight Technologies in a report on Thursday, May 18th. They set a “buy” rating on the stock. JPMorgan Chase & Co. decreased their target price on Keysight Technologies from $218.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. Finally, Morgan Stanley decreased their target price on Keysight Technologies from $184.00 to $180.00 in a report on Monday, April 24th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.67.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Kailash Narayanan sold 500 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $165.00, for a total value of $82,500.00. Following the completion of the sale, the senior vice president now directly owns 26,169 shares in the company, valued at $4,317,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kevin A. Stephens acquired 420 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average cost of $157.45 per share, for a total transaction of $66,129.00. Following the completion of the acquisition, the director now owns 5,589 shares in the company, valued at $879,988.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kailash Narayanan sold 500 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $165.00, for a total value of $82,500.00. Following the transaction, the senior vice president now owns 26,169 shares of the company’s stock, valued at $4,317,885. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

About Keysight Technologies

(Free Report)

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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

Read More

Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.