In a recent filing with the Securities and Exchange Commission (SEC), DekaBank Deutsche Girozentrale announced that it has reduced its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 10.2%. This move comes just months after the scientific and technical instruments company announced an impressive earnings report, which exceeded analyst expectations.
According to the filing, DekaBank Deutsche Girozentrale now owns roughly 333,760 shares in Keysight Technologies, down from its previous holding of 371,746 shares. This reduction in holdings represents approximately 0.19% of the company’s overall value, which was estimated at $57,496,000 at the close of the last quarter.
Keysight Technologies posted their quarterly earnings data earlier this year on Tuesday, February 21st. The scientific and technical instruments company reported an earnings per share (EPS) figure of $2.02 for Q4 of 2022 – beating out analyst estimates by $0.17. In addition to exceeding EPS expectations, Keysight Technologies also boasted a return on equity of 32.50%, as well as a relatively high net margin of 20.81%.
The firm’s Q4 revenue came in at $1.38 billion compared to the consensus estimate of $1.37 billion – up considerably from revenue figures seen during the same quarter in previous years.
Despite these strong financials and an anticipated earnings per share figure of 7.28 for the current year according to analysts’ predictions – some investors have seemingly decided to move their money elsewhere.
It remains unknown what factors led DekaBank Deutsche Girozentrale to reduce their holdings in Keysight Technologies but these moves are not uncommon in finance circles where hedge funds or investment firms often buy and sell stocks based off speculation and intuition.
Only time will tell if this reduction in holdings is indicative of larger changes for Keysight Technologies or simply part of a standard ebb and flow of financial investments.
Institutional Investors Take Notice: Keysight Technologies Inc. Gains Attention with Increased Holdings
Keysight Technologies Inc. has been gaining increased attention from hedge funds and other institutional investors, as shown by their growing holdings in the scientific and technical instruments company. Allworth Financial LP recently raised its stake by 2.5%, bringing its total number of shares to 2,443 worth $418,000.
Similarly, Private Trust Co. NA augmented its holding by a substantial 34.1% during the 4th quarter and now owns a total of 248 shares of Keysight Technologies’ stock estimated at $42,000. Jones Financial Companies Lllp also boosted its share count by 13.6% in the third quarter, owning approximately 567 shares with an estimated value of $89,000.
Hillsdale Investment Management Inc., meanwhile, raised its stake in Keysight Technologies by 2.1% during the same period and near to present owns nearly around 3,675 shares worth $579,000.
Lastly, Greenleaf Trust enlarged its position in the company’s stock by up to two percent last year making them end up owning a sum of 3,753 shares valued at $591,000 after purchasing an additional seventy-five shares.
As per data acquired earlier this month ending April’, & eighty-one point sixty-nine percent (81.69%) of Keysight Technologies’ stocks ultimately belong to hedge funds or different institutional investors.
Trading today for slightly over $159 apiece following a multi-month decline from $189 earlier last year; sharing valuable ground on dimensions including quick ratio standing at 2.45 and a debt-to-equity ratio equaling .41 – indications seemingly acceptable for investors that are maintaining focus on short-term market movements.
The company’s most recent financial data showcases an approximately twenty-five-price earnings (PE) ratio and has seen a price-to-earnings-growth (PEG) ratio equaling roughly around the two-point-six mark which offers not quite a clear indication of its future stock price growth.
In summary, Keysight Technologies Inc.’s increasing attention from institutional investors is worth noticing. While short-term market movements seem favorable for now, investors may need to keep a watchful eye on the company’s PEG ratio and long-term financial performance alike.
