QRG Capital Management Inc. Acquires 2,264 Shares of Keysight Technologies Inc. (NYSE:KEYS)

QRG Capital Management Inc. boosted its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,743 shares of the scientific and technical instruments company's stock after acquiring an additional 2,264 shares during the period. QRG Capital Management Inc.'s holdings in Keysight Technologies were worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEYS. EverSource Wealth Advisors LLC increased its position in shares of Keysight Technologies by 3.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock valued at $314,000 after acquiring an additional 61 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Keysight Technologies by 2.8% during the fourth quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock worth $387,000 after acquiring an additional 66 shares during the period. Citizens Financial Group Inc. RI boosted its stake in shares of Keysight Technologies by 5.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company's stock valued at $262,000 after buying an additional 79 shares during the period. Integrated Advisors Network LLC boosted its stake in shares of Keysight Technologies by 4.8% in the first quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company's stock valued at $277,000 after buying an additional 85 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Keysight Technologies by 4.3% during the fourth quarter. Parallel Advisors LLC now owns 2,159 shares of the scientific and technical instruments company's stock worth $347,000 after purchasing an additional 89 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Satish Dhanasekaran sold 658 shares of Keysight Technologies stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the completion of the sale, the chief executive officer now directly owns 115,576 shares of the company's stock, valued at approximately $18,235,581.28. The trade was a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Page sold 7,368 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president now directly owns 36,986 shares of the company's stock, valued at $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,247 shares of company stock worth $2,086,720 in the last three months. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

KEYS has been the subject of several recent analyst reports. Morgan Stanley upped their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their price target 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. Bank of America upped their price target 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, Robert W. Baird raised their price target 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. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Keysight Technologies Trading Down 0.3%

Shares of KEYS stock opened at $159.95 on Thursday. The company has a 50 day moving average of $152.75 and a 200-day moving average of $159.41. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The firm has a market cap of $27.53 billion, a P/E ratio of 37.55, a PEG ratio of 2.18 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. Keysight Technologies's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. Sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

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.

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