Edgestream Partners L.P. Invests $737,000 in Keysight Technologies Inc. (NYSE:KEYS)

Edgestream Partners L.P. acquired a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,920 shares of the scientific and technical instruments company's stock, valued at approximately $737,000.

Several other institutional investors also recently bought and sold shares of KEYS. CWM LLC boosted its stake in Keysight Technologies by 9.6% in the first quarter. CWM LLC now owns 6,575 shares of the scientific and technical instruments company's stock valued at $985,000 after acquiring an additional 574 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Keysight Technologies by 6.9% in the first quarter. Stephens Investment Management Group LLC now owns 73,754 shares of the scientific and technical instruments company's stock valued at $11,046,000 after acquiring an additional 4,744 shares in the last quarter. Ballentine Partners LLC boosted its stake in Keysight Technologies by 12.1% in the first quarter. Ballentine Partners LLC now owns 1,653 shares of the scientific and technical instruments company's stock valued at $248,000 after acquiring an additional 178 shares in the last quarter. Xponance Inc. boosted its stake in Keysight Technologies by 0.6% in the first quarter. Xponance Inc. now owns 28,339 shares of the scientific and technical instruments company's stock valued at $4,244,000 after acquiring an additional 178 shares in the last quarter. Finally, Kesler Norman & Wride LLC boosted its stake in Keysight Technologies by 37.2% in the first quarter. Kesler Norman & Wride LLC now owns 5,440 shares of the scientific and technical instruments company's stock valued at $816,000 after acquiring an additional 1,476 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Satish Dhanasekaran sold 658 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 $103,819.24. Following the completion of the sale, the chief executive officer owned 115,576 shares of the company's stock, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,162,523.04. Following the completion of the sale, the senior vice president directly owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. This trade represents a 16.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,830 shares of company stock worth $5,124,049. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Price Performance

Shares of KEYS stock traded down $0.64 on Friday, reaching $162.42. 703,764 shares of the company were exchanged, compared to its average volume of 1,090,988. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 2.21 and a beta of 1.09. The business has a 50-day moving average price of $162.01 and a 200 day moving average price of $158.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced 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 the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. Keysight Technologies's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 EPS. Equities research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KEYS has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Bank of America lifted their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research note on Thursday, May 22nd. Wall Street Zen downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $185.56.

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.