Keysight Technologies Inc. (NYSE:KEYS) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Keysight Technologies by 46.9%, now owning 64,590 shares valued at $9.67 million.
• Insider trading activity includes SVP Ingrid A. Estrada selling 10,000 shares for approximately $1.59 million, reducing her ownership by 8.43%.
• Analysts are optimistic, with JPMorgan raising its price target for Keysight Technologies from $177 to $200, reflecting a general consensus rating of "Moderate Buy."

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 46.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,590 shares of the scientific and technical instruments company's stock after acquiring an additional 20,631 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Keysight Technologies were worth $9,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division lifted its position in shares of Keysight Technologies by 97.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Accent Capital Management LLC purchased a new stake in shares of Keysight Technologies during the 1st quarter worth $28,000. Manchester Capital Management LLC lifted its position in shares of Keysight Technologies by 85.0% during the 1st quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 108 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Keysight Technologies during the 1st quarter worth $36,000. Finally, Private Trust Co. NA lifted its position in shares of 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 purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Insider Activity at Keysight Technologies

In related news, SVP John Page sold 7,368 shares of Keysight Technologies stock in a transaction 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 transaction, the senior vice president directly owned 36,986 shares in the company, valued at $5,835,651.08. This trade represents a 16.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock worth $5,124,049 in the last ninety days. Company insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock traded down $5.62 during trading on Thursday, reaching $164.61. The company's stock had a trading volume of 841,749 shares, compared to its average volume of 972,804. The company 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 fifty-two week low of $121.43 and a fifty-two week high of $186.20. The firm has a market cap of $28.33 billion, a PE ratio of 38.64, a P/E/G ratio of 2.36 and a beta of 1.11. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46.

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, 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Wall Street Analysts Forecast Growth

KEYS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. 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. Finally, Morgan Stanley boosted their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.50.

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.