Lecap Asset Management Ltd. Cuts Position in Keysight Technologies Inc. (NYSE:KEYS)

Lecap Asset Management Ltd. lessened its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 76.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,167 shares of the scientific and technical instruments company's stock after selling 6,998 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Keysight Technologies were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC boosted its position in shares of Keysight Technologies by 119.6% during the 1st quarter. Archford Capital Strategies LLC now owns 6,070 shares of the scientific and technical instruments company's stock valued at $909,000 after acquiring an additional 3,306 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Keysight Technologies by 6.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 80,569 shares of the scientific and technical instruments company's stock valued at $12,067,000 after acquiring an additional 5,008 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Keysight Technologies by 1.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 40,538 shares of the scientific and technical instruments company's stock valued at $6,071,000 after acquiring an additional 641 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Keysight Technologies by 1.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,426 shares of the scientific and technical instruments company's stock valued at $7,552,000 after acquiring an additional 762 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Keysight Technologies during the 1st quarter valued at about $759,000. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Stock Down 0.4%

Shares of KEYS traded down $0.68 during mid-day trading on Friday, hitting $164.26. 1,119,031 shares of the company's stock were exchanged, compared to its average volume of 1,112,381. The company has a market cap of $28.27 billion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 2.24 and a beta of 1.09. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The stock's 50-day moving average is $156.03 and its 200-day moving average is $159.03.

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, topping the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion for 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%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. On average, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In other news, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the sale, the senior vice president now owns 108,590 shares of the company's stock, valued at approximately $17,262,552.30. This represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Page sold 7,368 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the sale, the senior vice president now owns 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. Over the last quarter, insiders have sold 19,615 shares of company stock valued at $3,113,460. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KEYS shares. 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. Robert W. Baird upped their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Bank of America upped their target price on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research report on Thursday, May 22nd. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

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.