Chicago Capital LLC Takes $389,000 Position in Keysight Technologies Inc. (NYSE:KEYS)

Chicago Capital LLC acquired a new stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,600 shares of the scientific and technical instruments company's stock, valued at approximately $389,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KEYS. Sequoia Financial Advisors LLC boosted its holdings in Keysight Technologies by 8.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock valued at $4,448,000 after purchasing an additional 2,260 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Keysight Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock valued at $708,349,000 after buying an additional 17,213 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Keysight Technologies by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock valued at $8,896,000 after acquiring an additional 1,755 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Keysight Technologies by 512.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,539 shares of the scientific and technical instruments company's stock worth $8,129,000 after acquiring an additional 42,289 shares during the period. Finally, Victory Capital Management Inc. grew its position in Keysight Technologies by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 150,390 shares of the scientific and technical instruments company's stock worth $24,157,000 after acquiring an additional 9,626 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Stock Down 1.1%

Shares of NYSE:KEYS opened at $160.49 on Wednesday. The firm has a market capitalization of $27.62 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.21 and a beta of 1.09. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The firm's 50-day moving average is $152.40 and its two-hundred day moving average is $159.41.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping 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 net margin of 14.50% and a return on equity of 19.65%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 EPS. Analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on KEYS. Morgan Stanley upped their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. increased their target price on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Bank of America lifted their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $183.00.

Insider Activity

In other Keysight Technologies news, SVP John Page sold 7,368 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $1,162,523.04. Following the sale, the senior vice president now directly owns 36,986 shares of the company's stock, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the completion of the sale, the chief executive officer now owns 115,576 shares in the company, valued at $18,235,581.28. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,247 shares of company stock worth $2,086,720. Corporate insiders own 0.61% of the company's stock.

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.

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