Keysight Technologies Inc. (NYSE:KEYS) Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 56,584 shares of the scientific and technical instruments company's stock after purchasing an additional 4,201 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Keysight Technologies were worth $8,479,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Iyo Bank Ltd. boosted its position in shares of Keysight Technologies by 93.0% during the 1st quarter. Iyo Bank Ltd. now owns 30,855 shares of the scientific and technical instruments company's stock worth $4,621,000 after purchasing an additional 14,870 shares during the period. Callan Family Office LLC boosted its position in shares of Keysight Technologies by 10.1% during the 1st quarter. Callan Family Office LLC now owns 3,826 shares of the scientific and technical instruments company's stock worth $573,000 after purchasing an additional 350 shares during the period. HighTower Advisors LLC boosted its position in shares of Keysight Technologies by 1.8% during the 1st quarter. HighTower Advisors LLC now owns 13,625 shares of the scientific and technical instruments company's stock worth $2,041,000 after purchasing an additional 240 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Keysight Technologies by 6.7% during the 1st quarter. Public Sector Pension Investment Board now owns 26,807 shares of the scientific and technical instruments company's stock worth $4,015,000 after purchasing an additional 1,693 shares during the period. Finally, Financial Engines Advisors L.L.C. purchased a new position in shares of Keysight Technologies during the 1st quarter worth approximately $206,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insiders Place Their Bets

In other news, CFO Neil Dougherty sold 12,215 shares of the firm's stock in a transaction on 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 sale, the chief financial officer directly owned 115,228 shares in the company, valued at approximately $18,966,528.80. This trade represents a 9.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction on 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 owned 36,986 shares in the company, valued at $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. In the last three months, insiders sold 31,830 shares of company stock worth $5,124,049. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $164.61 on Friday. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. Keysight Technologies Inc. has a 52 week low of $121.43 and a 52 week high of $186.20. The stock has a market capitalization of $28.33 billion, a PE ratio of 38.64, a P/E/G ratio of 2.40 and a beta of 1.11. The firm has a 50 day moving average of $163.15 and a two-hundred day moving average of $158.65.

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

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