ING Groep NV Has $1.61 Million Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• ING Groep NV increased its stake in Keysight Technologies by 111.4%, now holding 10,714 shares worth approximately $1.6 million following the purchase of an additional 5,645 shares.
• Several large investors, including Central Pacific Bank Trust Division and Manchester Capital Management LLC, also significantly increased their stakes in Keysight Technologies during the same quarter.
• Keysight Technologies received upgrades from analysts, with a consensus rating of "Moderate Buy" and a price target of $187.50, reflecting positive market sentiment towards the stock.

ING Groep NV grew its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 111.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,714 shares of the scientific and technical instruments company's stock after acquiring an additional 5,645 shares during the period. ING Groep NV's holdings in Keysight Technologies were worth $1,605,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KEYS. Smithfield Trust Co grew its holdings in Keysight Technologies by 62.5% during the 1st quarter. Smithfield Trust Co now owns 1,922 shares of the scientific and technical instruments company's stock worth $288,000 after acquiring an additional 739 shares during the last quarter. Haven Private LLC lifted its position in shares of Keysight Technologies by 2.1% during the first quarter. Haven Private LLC now owns 3,974 shares of the scientific and technical instruments company's stock worth $595,000 after purchasing an additional 82 shares in the last quarter. Argent Trust Co grew its stake in shares of Keysight Technologies by 32.2% during the first quarter. Argent Trust Co now owns 2,519 shares of the scientific and technical instruments company's stock valued at $377,000 after purchasing an additional 613 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 108 shares in the last quarter. Finally, Liberty Wealth Management LLC acquired a new stake in shares of Keysight Technologies in the first quarter valued at approximately $1,927,000. Institutional investors own 84.58% of the company's stock.

Insider Buying and Selling

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of Keysight Technologies stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the sale, the chief executive officer owned 115,576 shares of the company's stock, valued at $18,235,581.28. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the transaction, the chief financial officer directly owned 115,228 shares of the company's stock, valued at $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,830 shares of company stock worth $5,124,049 over the last ninety days. Insiders own 0.61% of the company's stock.

Keysight Technologies Trading Down 0.6%

NYSE KEYS traded down $0.98 on Monday, reaching $163.98. The company had a trading volume of 77,899 shares, compared to its average volume of 968,688. Keysight Technologies Inc. has a 52 week low of $121.43 and a 52 week high of $186.20. The stock's 50 day moving average is $162.68 and its 200-day moving average is $158.62. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The stock has a market cap of $28.22 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 2.33 and a beta of 1.11.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 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 analysts' expectations of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. Keysight Technologies's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. Equities analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Analyst Ratings Changes

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

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.