Charles Schwab Investment Management Inc. Buys 20,967 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Charles Schwab Investment Management Inc. grew its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,036,642 shares of the scientific and technical instruments company's stock after purchasing an additional 20,967 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.60% of Keysight Technologies worth $155,258,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Central Pacific Bank Trust Division boosted its stake in Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Accent Capital Management LLC bought a new stake in Keysight Technologies during the first quarter worth about $28,000. Manchester Capital Management LLC boosted its stake in Keysight Technologies by 85.0% during the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 108 shares in the last quarter. Private Trust Co. NA boosted its stake in Keysight Technologies by 39.9% during the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock worth $39,000 after acquiring an additional 75 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Keysight Technologies by 241.8% during the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock worth $44,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on KEYS. 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. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $170.00 to $175.00 in a report on Monday, July 21st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $187.50.

Insider Activity

In related news, SVP John Page sold 7,368 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the completion of the sale, the senior vice president directly owned 36,986 shares in the company, valued at approximately $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction that occurred 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 owned 108,590 shares of the company's stock, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 over the last three months. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

Shares of KEYS traded down $5.62 during mid-day trading on Thursday, hitting $164.61. 638,283 shares of the company traded hands, compared to its average volume of 970,532. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The stock has a 50-day moving average price of $163.06 and a two-hundred day moving average price of $158.68. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $186.20. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 2.36 and a beta of 1.11.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings data 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. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the company earned $1.41 earnings per share. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

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.