Keysight Technologies Inc. (NYSE:KEYS) Shares Sold by KBC Group NV

KBC Group NV lessened its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,480 shares of the scientific and technical instruments company's stock after selling 7,887 shares during the period. KBC Group NV's holdings in Keysight Technologies were worth $7,860,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies during the 1st quarter worth approximately $51,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Keysight Technologies by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 407,504 shares of the scientific and technical instruments company's stock worth $61,032,000 after acquiring an additional 2,535 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Keysight Technologies by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock valued at $7,828,000 after acquiring an additional 1,635 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Keysight Technologies by 14.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,226 shares of the scientific and technical instruments company's stock worth $3,191,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Achmea Investment Management B.V. lifted its holdings in Keysight Technologies by 128.1% in the 1st quarter. Achmea Investment Management B.V. now owns 17,107 shares of the scientific and technical instruments company's stock worth $2,562,000 after purchasing an additional 9,606 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Insider Transactions at Keysight Technologies

In related news, SVP Ingrid A. Estrada sold 10,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the transaction, the senior vice president directly owned 108,590 shares of the company's stock, valued at $17,262,552.30. The trade was a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard P. Hamada sold 1,589 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the sale, the director owned 42,160 shares of the company's stock, valued at $6,829,920. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,830 shares of company stock worth $5,124,049. Insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

Shares of KEYS stock traded down $7.14 during trading hours on Friday, reaching $158.39. 478,793 shares of the company traded hands, compared to its average volume of 1,103,254. The firm has a 50-day moving average price of $158.68 and a 200 day moving average price of $158.86. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The company 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 debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.41 EPS. The business's revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Bank of America increased their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research report on Thursday, May 22nd. Morgan Stanley lifted 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. JPMorgan Chase & Co. raised their price target on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

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.