Carnegie Investment Counsel Makes New $23.23 Million Investment in Keysight Technologies Inc. (NYSE:KEYS)

Carnegie Investment Counsel purchased a new stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 155,169 shares of the scientific and technical instruments company's stock, valued at approximately $23,231,000. Carnegie Investment Counsel owned 0.09% of Keysight Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Praxis Investment Management Inc. boosted its holdings in Keysight Technologies by 45.8% during the first quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock valued at $954,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in Keysight Technologies by 142.8% in the first quarter. GAMMA Investing LLC now owns 5,012 shares of the scientific and technical instruments company's stock valued at $751,000 after purchasing an additional 2,948 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Keysight Technologies by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock valued at $7,828,000 after acquiring an additional 1,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Keysight Technologies by 19.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,730 shares of the scientific and technical instruments company's stock valued at $1,906,000 after purchasing an additional 2,106 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in Keysight Technologies by 18.9% in the first quarter. Exchange Traded Concepts LLC now owns 1,752 shares of the scientific and technical instruments company's stock valued at $262,000 after purchasing an additional 279 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Trading Up 0.5%

Shares of KEYS traded up $0.81 during mid-day trading on Friday, reaching $166.42. The company's stock had a trading volume of 766,651 shares, compared to its average volume of 753,801. The company's fifty day moving average price is $162.13 and its two-hundred day moving average price is $158.93. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. Keysight Technologies Inc. has a 52 week low of $119.72 and a 52 week high of $186.20. The stock has a market cap of $28.64 billion, a PE ratio of 39.07, a P/E/G ratio of 2.25 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS. On average, analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of 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 upgraded Keysight Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $170.00 to $175.00 in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.50.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,589 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the sale, the director directly owned 42,160 shares in the company, valued at $6,829,920. This trade represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the transaction, the senior vice president directly owned 108,590 shares in the company, valued at $17,262,552.30. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,830 shares of company stock worth $5,124,049. 0.61% of the stock is owned by company 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.