Giverny Capital Inc. boosted its stake in shares of Keysight Technologies Inc (NYSE:KEYS) by 144.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,501 shares of the scientific and technical instruments company’s stock after purchasing an additional 167,411 shares during the quarter. Keysight Technologies makes up 2.6% of Giverny Capital Inc.’s investment portfolio, making the stock its 16th biggest holding. Giverny Capital Inc. owned approximately 0.15% of Keysight Technologies worth $25,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of KEYS. Cornerstone Advisors Inc. purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at about $35,000. Commonwealth Bank of Australia increased its holdings in shares of Keysight Technologies by 57.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 487 shares of the scientific and technical instruments company’s stock valued at $41,000 after acquiring an additional 178 shares during the last quarter. Motco purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at about $48,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at about $52,000. Institutional investors own 86.19% of the company’s stock.

In other Keysight Technologies news, SVP Mark Pierpoint sold 14,832 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $94.00, for a total transaction of $1,394,208.00. Following the completion of the sale, the senior vice president now directly owns 48,747 shares of the company’s stock, valued at approximately $4,582,218. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Satish Dhanasekaran sold 2,600 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $96.56, for a total value of $251,056.00. Following the sale, the senior vice president now directly owns 33,140 shares of the company’s stock, valued at $3,199,998.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,499 shares of company stock valued at $3,343,743. Insiders own 0.65% of the company’s stock.

Shares of NYSE KEYS traded up $0.15 during trading hours on Friday, reaching $99.19. The stock had a trading volume of 6,979 shares, compared to its average volume of 2,289,916. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.37 and a beta of 1.28. The company has a current ratio of 2.05, a quick ratio of 1.56 and a debt-to-equity ratio of 0.44. Keysight Technologies Inc has a fifty-two week low of $53.21 and a fifty-two week high of $101.58. The firm has a 50-day moving average of $91.62 and a 200-day moving average of $87.17.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. On average, equities analysts predict that Keysight Technologies Inc will post 4.15 EPS for the current year.

Keysight Technologies announced that its board has authorized a share repurchase program on Wednesday, May 29th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

A number of research firms have recently commented on KEYS. ValuEngine downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Credit Suisse Group reiterated an “outperform” rating and issued a $110.00 price objective (up previously from $90.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Barclays began coverage on Keysight Technologies in a report on Wednesday, August 7th. They issued an “overweight” rating and a $103.00 price objective on the stock. Robert W. Baird upgraded Keysight Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $82.00 to $100.00 in a report on Thursday, August 22nd. Finally, Citigroup set a $100.00 price objective on Keysight Technologies and gave the company a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Keysight Technologies has a consensus rating of “Buy” and a consensus target price of $99.11.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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

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