Jennison Associates LLC Has $159.25 Million Stock Position in Keysight Technologies Inc. (NYSE:KEYS)

Jennison Associates LLC lifted its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 0.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,063,270 shares of the scientific and technical instruments company's stock after buying an additional 2,287 shares during the period. Jennison Associates LLC owned approximately 0.62% of Keysight Technologies worth $159,246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division grew its stake in shares of Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 90 shares during the period. Private Trust Co. NA lifted its holdings in Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock worth $39,000 after buying an additional 75 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Keysight Technologies by 241.8% in the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies in the 1st quarter valued at $51,000. Finally, Quarry LP raised its holdings in shares of Keysight Technologies by 188.1% in the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock valued at $70,000 after purchasing an additional 284 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of KEYS traded down $0.64 during mid-day trading on Friday, hitting $162.42. The company's stock had a trading volume of 703,764 shares, compared to its average volume of 1,091,047. The firm has a 50-day moving average price of $162.01 and a 200 day moving average price of $158.85. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 2.22 and a beta of 1.09. 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 $119.72 and a fifty-two week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its 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. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company posted $1.41 earnings per share. On average, research analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on KEYS shares. Morgan Stanley upped their target price 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. Wall Street Zen downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Bank of America upped their price target 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. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $185.56.

Insider Activity

In related 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 transaction of $103,819.24. Following the transaction, the chief executive officer owned 115,576 shares in the company, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of the business'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 sale, 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. Over the last three months, insiders have sold 31,830 shares of company stock valued at $5,124,049. 0.61% of the stock is owned by insiders.

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.