Mackenzie Financial Corp Grows Position in Keysight Technologies, Inc. (NYSE:KEYS)

Mackenzie Financial Corp grew its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,755,315 shares of the scientific and technical instruments company's stock after purchasing an additional 27,179 shares during the period. Mackenzie Financial Corp owned about 1.02% of Keysight Technologies worth $281,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KEYS. UMB Bank n.a. increased its stake in shares of Keysight Technologies by 24.6% during the fourth quarter. UMB Bank n.a. now owns 973 shares of the scientific and technical instruments company's stock worth $156,000 after buying an additional 192 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Keysight Technologies by 2.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,212 shares of the scientific and technical instruments company's stock valued at $1,801,000 after purchasing an additional 289 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Keysight Technologies by 9.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 46,622 shares of the scientific and technical instruments company's stock valued at $7,489,000 after purchasing an additional 4,170 shares during the last quarter. Dakota Wealth Management lifted its position in shares of Keysight Technologies by 5.5% during the 4th quarter. Dakota Wealth Management now owns 3,431 shares of the scientific and technical instruments company's stock worth $551,000 after purchasing an additional 178 shares during the last quarter. Finally, Crown Oak Advisors LLC lifted its position in shares of Keysight Technologies by 10.1% during the 4th quarter. Crown Oak Advisors LLC now owns 56,710 shares of the scientific and technical instruments company's stock worth $9,109,000 after purchasing an additional 5,196 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the sale, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard P. Hamada sold 1,589 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the sale, the director now owns 42,160 shares of the company's stock, valued at $6,829,920. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

Shares of KEYS stock traded up $2.22 during trading hours on Tuesday, hitting $162.25. The stock had a trading volume of 795,943 shares, compared to its average volume of 1,136,114. The firm has a market capitalization of $28.04 billion, a PE ratio of 46.36, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20. The stock's 50 day moving average is $147.76 and its 200 day moving average is $159.68. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

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, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The company's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share. As a group, research analysts forecast that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on KEYS. Wells Fargo & Company raised their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley raised their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Bank of America boosted their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

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.