Lansforsakringar Fondforvaltning AB publ Invests $9.34 Million in Keysight Technologies, Inc. (NYSE:KEYS)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 58,119 shares of the scientific and technical instruments company's stock, valued at approximately $9,336,000.

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in shares of Keysight Technologies by 3.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock valued at $314,000 after buying an additional 61 shares in the last quarter. Caprock Group LLC lifted its holdings in Keysight Technologies by 2.2% in the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company's stock worth $502,000 after purchasing an additional 66 shares in the last quarter. Signaturefd LLC lifted its holdings in Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock worth $387,000 after purchasing an additional 66 shares in the last quarter. OLD National Bancorp IN lifted its holdings in Keysight Technologies by 3.3% in the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company's stock worth $340,000 after purchasing an additional 68 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in Keysight Technologies by 5.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company's stock worth $262,000 after purchasing an additional 79 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Bank of America boosted their price target on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a report on Thursday, May 22nd. Wells Fargo & Company boosted their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Finally, Robert W. Baird upped their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $183.00.

Keysight Technologies Price Performance

Shares of KEYS traded down $1.62 during mid-day trading on Friday, hitting $157.04. 2,098,192 shares of the stock were exchanged, compared to its average volume of 1,131,130. The company has a market cap of $27.14 billion, a PE ratio of 44.87, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The firm has a 50-day moving average of $147.80 and a two-hundred day moving average of $159.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. On average, equities analysts predict that Keysight Technologies, Inc. will post 6.32 earnings per share for the current year.

Insider Activity

In other news, Director Richard P. Hamada sold 1,589 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the transaction, the director now owns 42,160 shares of the company's stock, valued at approximately $6,829,920. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. This represents a 3.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

About Keysight Technologies

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.