National Bank of Canada FI Has $19.64 Million Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• National Bank of Canada FI increased its stake in Keysight Technologies by 59.9%, owning approximately 131,137 shares valued at $19.64 million after purchasing 49,101 additional shares.
• Keysight Technologies reported a quarterly earnings per share (EPS) of $1.70, beating analysts' estimates by 5 cents and experiencing a 7.4% increase in revenue compared to the previous year.
• Analysts have a Moderate Buy rating on Keysight Technologies, with an average target price of $187.50 after recent upgrades from firms like Bank of America and JPMorgan Chase & Co.

National Bank of Canada FI grew its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 59.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,137 shares of the scientific and technical instruments company's stock after purchasing an additional 49,101 shares during the period. National Bank of Canada FI owned about 0.08% of Keysight Technologies worth $19,640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Trust Co. NA grew its stake in shares of 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 buying an additional 75 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Keysight Technologies by 9.1% in the first quarter. Principal Securities Inc. now owns 910 shares of the scientific and technical instruments company's stock valued at $146,000 after buying an additional 76 shares in the last quarter. Haven Private LLC grew its stake in shares of Keysight Technologies by 2.1% in the first quarter. Haven Private LLC now owns 3,974 shares of the scientific and technical instruments company's stock valued at $595,000 after buying an additional 82 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Keysight Technologies by 14.2% in the first quarter. Pinnacle Bancorp Inc. now owns 669 shares of the scientific and technical instruments company's stock valued at $100,000 after buying an additional 83 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its stake in shares of Keysight Technologies by 4.8% in the first quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company's stock valued at $277,000 after buying an additional 85 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Morgan Stanley lifted their price objective 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. Finally, Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $170.00 to $175.00 in a research report on Monday, July 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Keysight Technologies presently has an average rating of "Moderate Buy" and an average price target of $187.50.

Insider Buying and Selling

In other news, CFO Neil Dougherty sold 12,215 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the sale, the chief financial officer owned 115,228 shares of the company's stock, valued at approximately $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Page sold 7,368 shares of the business'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 $1,162,523.04. Following the completion of the sale, the senior vice president directly owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. The trade was a 16.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,830 shares of company stock valued at $5,124,049 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Keysight Technologies Stock Performance

KEYS stock traded down $5.62 during midday trading on Thursday, reaching $164.61. 638,283 shares of the company were exchanged, compared to its average volume of 970,532. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The business has a 50-day moving average price of $163.06 and a two-hundred day moving average price of $158.68. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $186.20. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 2.36 and a beta of 1.11.

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 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 analysts' expectations of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. Keysight Technologies's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 earnings per share. Equities research analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

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.