Keysight Technologies Inc. (NYSE:KEYS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 142.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,012 shares of the scientific and technical instruments company's stock after buying an additional 2,948 shares during the period. GAMMA Investing LLC's holdings in Keysight Technologies were worth $751,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in Keysight Technologies by 8.9% in the fourth 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 period. Geode Capital Management LLC increased 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 worth $708,349,000 after buying an additional 17,213 shares during the last quarter. PNC Financial Services Group Inc. raised 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. Victory Capital Management Inc. boosted its holdings 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 valued at $24,157,000 after acquiring an additional 9,626 shares during the last quarter. Finally, Callan Family Office LLC acquired a new position in Keysight Technologies in the fourth quarter valued at $558,000. Institutional investors and hedge funds own 84.58% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of the 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 sale, the chief executive officer directly owned 115,576 shares of the company's stock, valued at approximately $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Page sold 7,368 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 transaction of $1,162,523.04. Following the completion of the transaction, the senior vice president directly owned 36,986 shares of the company's stock, valued at $5,835,651.08. This trade represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,830 shares of company stock valued at $5,124,049 over the last three months. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Stock Down 4.3%

Keysight Technologies stock traded down $7.14 during midday trading on Friday, hitting $158.39. 478,793 shares of the stock were exchanged, compared to its average volume of 1,103,254. 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 has a market cap of $27.26 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.25 and a beta of 1.09. The company has a 50 day moving average price of $158.68 and a two-hundred day moving average price of $158.86.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts predict 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.