Mirae Asset Global Investments Co. Ltd. Acquires 2,659 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 14.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,226 shares of the scientific and technical instruments company's stock after buying an additional 2,659 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Keysight Technologies were worth $3,191,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Achmea Investment Management B.V. lifted its holdings in Keysight Technologies by 128.1% in the 1st quarter. Achmea Investment Management B.V. now owns 17,107 shares of the scientific and technical instruments company's stock worth $2,562,000 after purchasing an additional 9,606 shares in the last quarter. PDS Planning Inc purchased a new position in shares of Keysight Technologies in the first quarter worth $208,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Keysight Technologies by 30.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 233,976 shares of the scientific and technical instruments company's stock worth $35,043,000 after buying an additional 54,260 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Keysight Technologies by 8.9% during the first quarter. Sequoia Financial Advisors LLC now owns 30,153 shares of the scientific and technical instruments company's stock worth $4,516,000 after acquiring an additional 2,459 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its stake in Keysight Technologies by 10.3% during the first quarter. Perigon Wealth Management LLC now owns 1,956 shares of the scientific and technical instruments company's stock valued at $293,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Down 4.3%

Shares of Keysight Technologies stock traded down $7.14 on Friday, reaching $158.39. The company had a trading volume of 478,793 shares, compared to its average volume of 1,103,254. The firm has a market cap of $27.26 billion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 2.25 and a beta of 1.09. 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's 50-day moving average price is $158.68 and its two-hundred day moving average price is $158.86. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20.

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 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. Keysight Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Bank of America boosted their target price on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Morgan Stanley lifted 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. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, SVP John Page sold 7,368 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 36,986 shares of the company's stock, valued at $5,835,651.08. The trade was a 16.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction that occurred 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 directly owned 108,590 shares in the company, valued at approximately $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,830 shares of company stock valued at $5,124,049. Company insiders own 0.61% of the company's stock.

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.