Magnetar Financial LLC Has $9.27 Million Stake in Keysight Technologies Inc. $KEYS

Magnetar Financial LLC lifted its stake in Keysight Technologies Inc. (NYSE:KEYS) by 160.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,595 shares of the scientific and technical instruments company’s stock after acquiring an additional 34,827 shares during the period. Magnetar Financial LLC’s holdings in Keysight Technologies were worth $9,274,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Keysight Technologies by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 21,326,774 shares of the scientific and technical instruments company’s stock valued at $3,494,605,000 after buying an additional 357,263 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Keysight Technologies by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company’s stock valued at $2,814,195,000 after buying an additional 2,675,148 shares during the period. Boston Partners raised its position in Keysight Technologies by 10.3% in the second quarter. Boston Partners now owns 4,704,010 shares of the scientific and technical instruments company’s stock worth $770,453,000 after purchasing an additional 440,593 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Keysight Technologies by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,575,953 shares of the scientific and technical instruments company’s stock worth $747,437,000 after buying an additional 40,560 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Keysight Technologies by 1.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,317,700 shares of the scientific and technical instruments company’s stock valued at $496,892,000 after acquiring an additional 33,818 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $169.63 on Friday. The firm has a market cap of $29.15 billion, a price-to-earnings ratio of 54.02, a PEG ratio of 2.38 and a beta of 1.22. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $187.67. The company has a quick ratio of 2.94, a current ratio of 3.59 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $173.47 and a 200 day moving average price of $166.39.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.05. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $1.57 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. Research analysts expect that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. UBS Group initiated coverage on Keysight Technologies in a research report on Tuesday, November 11th. They issued a “buy” rating and a $220.00 price objective for the company. Barclays decreased their target price on Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $180.00 price target on shares of Keysight Technologies in a report on Friday, October 10th. Finally, Citigroup began coverage on shares of Keysight Technologies in a report on Friday, November 14th. They set a “buy” rating and a $215.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.33.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total value of $347,960.00. Following the transaction, the senior vice president directly owned 106,590 shares of the company’s stock, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Keysight Technologies 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.