Arizona State Retirement System Grows its Stake in Keysight Technologies
In the scientific and technical instruments industry, Keysight Technologies has established itself as a major player. As of the fourth quarter, the Arizona State Retirement System has grown its stake in Keysight by 1.6%, thus earning themselves an additional 788 shares which now brings their overall ownership to 50,752 shares of the company’s stock. This new acquisition is valued at $8,682,000 at the end of the last fiscal quarter.
Keysight (NYSE:KEYS) recently announced its quarterly earnings report on February 21st. The innovation leader surpassed market expectations by attaining $2.02 earnings per share for that period, which exceeded predictions estimated at around $1.85 by an astounding $0.17. What makes this accomplishment even more impressive is that during the same quarter last year, Keysight recorded considerably lower earnings generating only $1.41 earnings per share.
The company was also able to generate a net margin of 20.81% and acquired a return on equity ratio of 32.50% – a noteworthy achievement in any industry in today’s business environment.
Moreover, Keysight managed to bring in revenue worth $1.38 billion during Q4’2019 compared to their consensus estimate of $1.37 billion; representing a growth rate of 10.5% when compared quarter-on-quarter (QoQ). This financial data suggests that Keysight still has tremendous potential for future growth.
As always with equity research analysis though, one must remain mindful and wary of other factors relating to relevant investment opportunities- including monitoring insider trades from key company executives as well as tracking hedge funds filing holdings reports and transactions.
Individuals who wish to gain a broader understanding regarding KEYS or other related businesses can locate the latest insider trades and 13F filings made by hedge funds on HoldingsChannel.com- further empowering investors to make well-informed financial decisions.
Institutional Investors and Hedge Funds Adjust Holdings in Keysight Technologies Amid Fluctuating Performance
Institutional investors and hedge funds have been actively tweaking their holdings in the scientific and technical instruments company, Keysight Technologies. Hillsdale Investment Management, Mitsubishi UFJ Kokusai Asset Management, Creative Planning, Alta Advisers, and Chesley Taft & Associates have all modified their holdings of the company’s stock between the third quarter of 2020 and first quarter of 2021. As a result of these changes, institutional investors now own 81.69% of Keysight Technologies’ stock.
Despite these fluctuations in ownership, shares of KEYS opened at $141.27 on Friday with a market capitalization of $25.17 billion, a P/E ratio of 22.11 and a beta of 1.08. The firm has seen both highs and lows over the last year with its twelve-month low being $127.93 and twelve-month high reaching $189.45.
Barclays recently upgraded their rating for Keysight Technologies citing an “overweight” rating for the stock with an increased price objective from $175 to $202 while Susquehanna reiterated a “positive” rating and boosted their target price to $208. In contrast, Morgan Stanley lowered their target price on shares from $184 to $180 while JPMorgan Chase & Co. downgraded it from $218 to $205.
Keysight Technologies Inc provides electronic design solutions that enable communications networks among other electronics industries with operations segmented as Communications Solutions Group and Electronic Industrial Solutions Group. As one of the leading companies within this industry KEYS continues to draw significant attention amongst investors as its overall performance continues to demonstrate remarkable returns despite overall fluctuations within recent months; still its ‘Moderate Buy’ average rating suggests further analysis is worthwhile before investment decisions are made by investors looking to explore opportunities in this industry.
