Keysight Technologies Inc. (NYSE:KEYS) Stock Holdings Increased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Keysight Technologies Inc. by 2.4% in Q1, owning 2,273,896 shares valued at approximately $340.56 million.
• Several research firms, including Bank of America and JPMorgan Chase, have upgraded their ratings and price targets for Keysight Technologies, highlighting a consensus rating of "Moderate Buy."
• Despite these positive developments, Keysight Technologies' stock experienced a 2.0% decline recently, opening at $161.64.

Invesco Ltd. lifted its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,273,896 shares of the scientific and technical instruments company's stock after purchasing an additional 53,846 shares during the quarter. Invesco Ltd. owned about 1.32% of Keysight Technologies worth $340,561,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division boosted its holdings in Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Accent Capital Management LLC acquired a new position in Keysight Technologies in the first quarter valued at $28,000. Manchester Capital Management LLC boosted its holdings in 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 acquiring an additional 108 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Keysight Technologies in the first quarter valued at $36,000. Finally, Private Trust Co. NA boosted its holdings in Keysight Technologies by 39.9% in the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Insider Buying and Selling

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the transaction, the chief executive officer directly owned 115,576 shares of the company's stock, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John Page sold 7,368 shares of the company'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 value of $1,162,523.04. Following the completion of the transaction, the senior vice president directly owned 36,986 shares in the company, valued at approximately $5,835,651.08. The trade was 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 worth $5,124,049 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Bank of America upgraded 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 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 research note 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $187.50.

Keysight Technologies Stock Down 3.3%

KEYS stock traded down $5.62 during trading on Thursday, reaching $164.61. The stock had a trading volume of 841,749 shares, compared to its average volume of 972,804. The firm has a fifty day moving average price of $163.06 and a 200 day moving average price of $158.68. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $28.33 billion, a P/E ratio of 38.64, a PEG ratio of 2.36 and a beta of 1.11. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $186.20.

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 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. The company's revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Keysight Technologies 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.