Keysight Technologies Inc. (NYSE:KEYS) Shares Acquired by ING Groep NV

ING Groep NV grew its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 111.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,714 shares of the scientific and technical instruments company's stock after buying an additional 5,645 shares during the quarter. ING Groep NV's holdings in Keysight Technologies were worth $1,605,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KEYS. Wellington Management Group LLP raised its stake in shares of Keysight Technologies by 35.8% in the fourth quarter. Wellington Management Group LLP now owns 16,039 shares of the scientific and technical instruments company's stock valued at $2,576,000 after acquiring an additional 4,228 shares during the period. Envestnet Asset Management Inc. raised its position in Keysight Technologies by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 416,630 shares of the scientific and technical instruments company's stock worth $66,923,000 after purchasing an additional 5,356 shares during the period. Federated Hermes Inc. raised its position in Keysight Technologies by 4.9% in the 4th quarter. Federated Hermes Inc. now owns 11,223 shares of the scientific and technical instruments company's stock worth $1,803,000 after purchasing an additional 520 shares during the period. Cerity Partners LLC lifted its stake in Keysight Technologies by 62.8% in the fourth quarter. Cerity Partners LLC now owns 16,274 shares of the scientific and technical instruments company's stock worth $2,605,000 after purchasing an additional 6,280 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Keysight Technologies by 2.1% during the fourth quarter. Invesco Ltd. now owns 2,220,050 shares of the scientific and technical instruments company's stock valued at $356,607,000 after buying an additional 45,867 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of the company's 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 completion of the transaction, the chief executive officer owned 115,576 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, Director Richard P. Hamada sold 1,589 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the sale, the director owned 42,160 shares in the company, valued at $6,829,920. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 over the last 90 days. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KEYS shares. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Morgan Stanley increased their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, Bank of America raised Keysight Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $170.00 to $175.00 in a research report on Monday, July 21st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $187.50.

Keysight Technologies Stock Performance

NYSE:KEYS traded up $3.73 during midday trading on Friday, hitting $164.98. The company's stock had a trading volume of 715,553 shares, compared to its average volume of 775,944. The firm's 50 day moving average is $162.68 and its 200-day moving average is $158.82. The firm has a market cap of $28.39 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted 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. The company had revenue of $1.32 billion during 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. Equities analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

About Keysight Technologies

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.