GAMMA Investing LLC Buys 748,583 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

GAMMA Investing LLC increased its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 36,268.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,647 shares of the scientific and technical instruments company's stock after acquiring an additional 748,583 shares during the period. GAMMA Investing LLC owned about 0.43% of Keysight Technologies worth $112,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Keysight Technologies by 22.8% in the 4th quarter. Blue Trust Inc. now owns 2,163 shares of the scientific and technical instruments company's stock valued at $344,000 after acquiring an additional 402 shares during the last quarter. OLD National Bancorp IN grew its holdings in shares of Keysight Technologies by 3.3% during the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company's stock worth $340,000 after acquiring an additional 68 shares during the period. Caprock Group LLC grew its holdings in shares of Keysight Technologies by 2.2% during the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company's stock worth $502,000 after acquiring an additional 66 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Keysight Technologies by 8.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,343 shares of the scientific and technical instruments company's stock worth $858,000 after purchasing an additional 415 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Keysight Technologies by 4.6% in the 4th quarter. CENTRAL TRUST Co now owns 2,908 shares of the scientific and technical instruments company's stock worth $467,000 after purchasing an additional 129 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Insider Transactions at Keysight Technologies

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 transaction, the senior vice president now directly owns 36,986 shares of the company's stock, 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 document filed with the SEC, which is accessible through the SEC website. Also, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the sale, the chief financial officer now directly owns 115,063 shares of the company's stock, valued at $17,834,765. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,247 shares of company stock valued at $2,086,720. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KEYS shares. Robert W. Baird increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Bank of America raised their price target on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a report on Thursday, May 22nd. Wall Street Zen lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Morgan Stanley lifted their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Keysight Technologies Trading Down 0.9%

NYSE KEYS traded down $1.39 during mid-day trading on Thursday, reaching $159.67. 693,762 shares of the stock were exchanged, compared to its average volume of 1,123,872. The stock has a market capitalization of $27.59 billion, a PE ratio of 45.62, a PEG ratio of 2.41 and a beta of 1.10. The business's fifty day simple moving average is $148.36 and its 200 day simple moving average is $159.80. 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 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) 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 12.32% and a return on equity of 19.22%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. On average, research analysts anticipate that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

Keysight Technologies Company 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.