Keysight Technologies Inc. (NYSE:KEYS) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank significantly increased its stake in Keysight Technologies by 323.7%, acquiring an additional 101,360 shares, bringing its total holdings to 132,669 shares valued at approximately $19.87 million.
• Keysight Technologies reported a quarterly earnings per share of $1.70, exceeding analysts' estimates by $0.05, with revenue of $1.32 billion, reflecting a 7.4% year-over-year increase.
• Wall Street analysts generally have a positive outlook on Keysight Technologies, with an average target price of $187.50 and eight analysts issuing a buy rating.

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 323.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,669 shares of the scientific and technical instruments company's stock after acquiring an additional 101,360 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Keysight Technologies worth $19,870,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KEYS. Price T Rowe Associates Inc. MD raised its holdings in shares of Keysight Technologies by 29.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock worth $2,588,546,000 after purchasing an additional 3,621,349 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Keysight Technologies by 364.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after acquiring an additional 3,650,953 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Keysight Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock valued at $708,349,000 after acquiring an additional 17,213 shares during the last quarter. Capital World Investors boosted its position in Keysight Technologies by 15.6% during the 4th quarter. Capital World Investors now owns 3,790,432 shares of the scientific and technical instruments company's stock valued at $608,857,000 after purchasing an additional 511,724 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Keysight Technologies by 9.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,593,611 shares of the scientific and technical instruments company's stock worth $416,612,000 after acquiring an additional 214,015 shares during the period. Hedge funds and other institutional investors own 84.58% of the company's stock.

Keysight Technologies Price Performance

NYSE:KEYS traded down $5.56 during trading hours on Friday, reaching $158.35. 386,588 shares of the company were exchanged, compared to its average volume of 977,266. The business has a 50 day moving average of $162.44 and a 200 day moving average of $159.02. The company has a market capitalization of $27.25 billion, a P/E ratio of 37.22, a P/E/G ratio of 2.28 and a beta of 1.09. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. 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 posted its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $1.41 EPS. The business's quarterly revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,589 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the completion of the transaction, the director owned 42,160 shares of the company's stock, valued at approximately $6,829,920. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies 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 transaction, the senior vice president owned 108,590 shares in the company, valued at $17,262,552.30. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,830 shares of company stock valued at $5,124,049 in the last quarter. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KEYS. Morgan Stanley boosted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Bank of America upgraded Keysight Technologies from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $170.00 to $175.00 in a research note on Monday, July 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $187.50.

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.