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

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 323.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,669 shares of the scientific and technical instruments company's stock after buying an additional 101,360 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Keysight Technologies worth $19,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KEYS. Central Pacific Bank Trust Division grew its holdings in shares of Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Keysight Technologies by 39.9% during 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 purchasing an additional 75 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Keysight Technologies by 241.8% during the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after purchasing an additional 191 shares during the last quarter. Goodman Advisory Group LLC bought a new position in shares of Keysight Technologies during the first quarter valued at approximately $51,000. Finally, Quarry LP grew its holdings in shares of Keysight Technologies by 188.1% during the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock valued at $70,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Wall Street Analysts Forecast Growth

KEYS has been the subject of several recent research reports. Morgan Stanley upped their target price on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Bank of America raised Keysight Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the company from $170.00 to $175.00 in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $187.50.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $166.58 on Tuesday. The business has a 50 day simple moving average of $162.21 and a 200 day simple moving average of $158.88. 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 firm has a market capitalization of $28.67 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.26 and a beta of 1.09. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly 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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. On average, equities research analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Activity

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 10,000 shares of the 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 approximately $17,262,552.30. This trade represents a 8.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Page sold 7,368 shares of the 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 of the company's stock, valued at approximately $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. Insiders sold a total of 31,830 shares of company stock worth $5,124,049 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

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.

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