Fenimore Asset Management Inc increased its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 46.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 594,731 shares of the scientific and technical instruments company's stock after purchasing an additional 187,517 shares during the period. Keysight Technologies makes up about 1.9% of Fenimore Asset Management Inc's holdings, making the stock its 22nd biggest holding. Fenimore Asset Management Inc owned approximately 0.34% of Keysight Technologies worth $89,073,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its holdings in shares of Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock worth $4,448,000 after acquiring an additional 2,260 shares during the period. Geode Capital Management LLC boosted its holdings 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 in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Keysight Technologies by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock worth $8,896,000 after buying an additional 1,755 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Keysight Technologies by 26.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company's stock worth $3,018,000 after buying an additional 3,857 shares during the period. Finally, Portfolio Design Labs LLC increased its stake in shares of Keysight Technologies by 17.7% in the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock worth $2,498,000 after acquiring an additional 2,336 shares in the last quarter. Institutional investors own 84.58% of the company's stock.
Insider Transactions at Keysight Technologies
In related news, SVP John Page sold 7,368 shares of the company's stock in a transaction on Friday, May 30th. The stock was 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 now owns 36,986 shares in the company, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 658 shares of Keysight Technologies stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the transaction, the chief executive officer now directly owns 115,576 shares in the company, valued at approximately $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. Insiders sold 13,247 shares of company stock worth $2,086,720 over the last three months. 0.61% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research firms recently commented on KEYS. JPMorgan Chase & Co. boosted their price objective 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. 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 research report on Wednesday, February 26th. Robert W. Baird upped their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Bank of America boosted their target price on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $183.00.
Check Out Our Latest Research Report on Keysight Technologies
Keysight Technologies Stock Up 0.7%
KEYS stock traded up $1.08 during midday trading on Tuesday, hitting $163.64. The company's stock had a trading volume of 605,631 shares, compared to its average volume of 1,122,546. The firm's 50-day moving average is $149.37 and its 200-day moving average is $159.73. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a market cap of $28.16 billion, a PE ratio of 46.75, a P/E/G ratio of 2.41 and a beta of 1.09.
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 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm posted $1.41 earnings per share. Keysight Technologies's revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.
Keysight Technologies Company Profile
(
Free Report)
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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