Alliancebernstein L.P. Sells 140 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Alliancebernstein L.P. decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,118,056 shares of the scientific and technical instruments company’s stock after selling 140 shares during the period. Alliancebernstein L.P. owned approximately 0.61% of Keysight Technologies worth $183,685,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. NN Investment Partners Holdings N.V. increased its position in shares of Keysight Technologies by 104.3% during the third quarter. NN Investment Partners Holdings N.V. now owns 17,931 shares of the scientific and technical instruments company’s stock worth $2,945,000 after acquiring an additional 9,153 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Keysight Technologies by 54.0% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 79,655 shares of the scientific and technical instruments company’s stock worth $13,087,000 after purchasing an additional 27,926 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Keysight Technologies by 152.8% during the third quarter. Teacher Retirement System of Texas now owns 111,880 shares of the scientific and technical instruments company’s stock worth $18,381,000 after purchasing an additional 67,617 shares during the last quarter. Inspire Investing LLC boosted its holdings in Keysight Technologies by 71.2% during the third quarter. Inspire Investing LLC now owns 22,328 shares of the scientific and technical instruments company’s stock worth $3,668,000 after purchasing an additional 9,286 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Keysight Technologies by 5.0% during the third quarter. CIBC Asset Management Inc now owns 34,148 shares of the scientific and technical instruments company’s stock worth $5,610,000 after purchasing an additional 1,619 shares during the last quarter. 83.44% of the stock is owned by institutional investors.

In other Keysight Technologies news, SVP John Page sold 20,183 shares of the firm’s stock in a transaction dated Thursday, December 23rd. The shares were sold at an average price of $202.17, for a total value of $4,080,397.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mark Adam Wallace sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 13th. The shares were sold at an average price of $203.04, for a total transaction of $3,045,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,536 shares of company stock worth $41,351,697. 0.52% of the stock is owned by insiders.

NYSE:KEYS opened at $187.14 on Friday. Keysight Technologies, Inc. has a 52 week low of $129.09 and a 52 week high of $209.08. The firm has a market cap of $34.25 billion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 3.36 and a beta of 0.97. The firm’s 50-day simple moving average is $196.08 and its 200 day simple moving average is $178.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.34 and a current ratio of 2.93.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Monday, November 22nd. The scientific and technical instruments company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.18. Keysight Technologies had a net margin of 18.09% and a return on equity of 29.33%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $1.52 earnings per share. Keysight Technologies’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Keysight Technologies, Inc. will post 6.51 EPS for the current year.

Keysight Technologies announced that its board has authorized a share repurchase plan on Monday, November 22nd that authorizes the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Several research analysts recently commented on the stock. Citigroup increased their target price on shares of Keysight Technologies from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Keysight Technologies from $179.00 to $189.00 and gave the stock a “hold” rating in a report on Wednesday, November 24th. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Thursday, November 25th. Jefferies Financial Group increased their price target on shares of Keysight Technologies from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 23rd. Finally, Robert W. Baird increased their price target on shares of Keysight Technologies from $175.00 to $198.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $200.38.

About Keysight Technologies

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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

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