GSA Capital Partners LLP Trims Position in Keysight Technologies, Inc. (NYSE:KEYS)

GSA Capital Partners LLP trimmed its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 87.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,915 shares of the scientific and technical instruments company’s stock after selling 12,773 shares during the quarter. GSA Capital Partners LLP’s holdings in Keysight Technologies were worth $304,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Swedbank AB raised its holdings in Keysight Technologies by 3.8% during the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after purchasing an additional 151,446 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Keysight Technologies by 72.6% during the third quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company’s stock worth $2,685,000 after acquiring an additional 7,106 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Keysight Technologies by 172.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,977 shares of the scientific and technical instruments company’s stock worth $6,565,000 after acquiring an additional 26,577 shares during the last quarter. Boston Partners acquired a new stake in Keysight Technologies during the first quarter worth approximately $175,979,000. Finally, Vontobel Holding Ltd. boosted its position in Keysight Technologies by 1.0% during the third quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company’s stock worth $171,830,000 after acquiring an additional 10,579 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $170.28 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $156.16 and a 200-day simple moving average of $146.27. The company has a market cap of $29.55 billion, a PE ratio of 48.57, a P/E/G ratio of 4.46 and a beta of 0.98. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $171.05.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 19.34% and a net margin of 12.32%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company earned $2.04 earnings per share. The firm’s revenue was down 11.9% on a year-over-year basis. On average, equities research analysts forecast that Keysight Technologies, Inc. will post 6.18 EPS for the current year.

Analyst Ratings Changes

KEYS has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird lifted their target price on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays lifted their price target on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Susquehanna restated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.30.

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.