Keysight Technologies, Inc. (NYSE:KEYS) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,538 shares of the scientific and technical instruments company's stock after buying an additional 3,220 shares during the period. ProShare Advisors LLC's holdings in Keysight Technologies were worth $5,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in shares of Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock valued at $43,000 after buying an additional 133 shares during the last quarter. Quarry LP increased its stake 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 worth $70,000 after acquiring an additional 284 shares during the period. Huntington National Bank increased its stake in shares of Keysight Technologies by 37.4% during the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company's stock worth $127,000 after acquiring an additional 216 shares during the period. Principal Securities Inc. increased its stake in shares of Keysight Technologies by 45.0% during the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company's stock worth $134,000 after acquiring an additional 259 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Keysight Technologies by 45.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the scientific and technical instruments company's stock worth $155,000 after acquiring an additional 300 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Price Performance

KEYS traded down $1.55 on Friday, hitting $160.19. 874,739 shares of the company were exchanged, compared to its average volume of 1,137,481. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The business's fifty day moving average is $147.52 and its 200 day moving average is $159.73. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The firm has a market capitalization of $27.68 billion, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results 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. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 earnings per share. As a group, sell-side analysts anticipate that Keysight Technologies, Inc. will post 6.32 EPS for the current year.

Insider Transactions at Keysight Technologies

In other news, CFO Neil Dougherty sold 3,632 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the transaction, the chief financial officer now directly owns 115,063 shares of the company's stock, valued at $17,834,765. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard P. Hamada sold 1,589 shares of the firm'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 transaction of $257,418.00. Following the transaction, the director now directly owns 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 disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports 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. Wall Street Zen lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Wells Fargo & Company boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Robert W. Baird boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Bank of America boosted their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

About Keysight Technologies

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.