Rhumbline Advisers Grows Position in Keysight Technologies, Inc. (NYSE:KEYS)

Rhumbline Advisers lifted its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 353,864 shares of the scientific and technical instruments company's stock after purchasing an additional 20,879 shares during the quarter. Rhumbline Advisers owned about 0.20% of Keysight Technologies worth $52,998,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division increased its stake in Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Venturi Wealth Management LLC increased its stake in 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 acquiring an additional 133 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Keysight Technologies by 241.8% in the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after acquiring an additional 191 shares during the last quarter. Quarry LP increased its stake in Keysight Technologies by 188.1% in the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock valued at $70,000 after acquiring an additional 284 shares during the last quarter. Finally, Huntington National Bank increased its stake in Keysight Technologies by 37.4% in the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company's stock valued at $127,000 after acquiring an additional 216 shares during the last quarter. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Down 0.9%

Shares of NYSE:KEYS traded down $1.39 on Thursday, reaching $159.67. 693,762 shares of the company traded hands, compared to its average volume of 1,124,279. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $148.16 and its 200 day simple moving average is $159.74. The stock has a market capitalization of $27.59 billion, a P/E ratio of 45.62, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. The company had revenue of $1.32 billion during 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%. Keysight Technologies's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. As a group, equities analysts anticipate that Keysight Technologies, Inc. will post 6.32 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction dated 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 owns 36,986 shares of the company's stock, valued at $5,835,651.08. This trade represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,247 shares of company stock worth $2,086,720. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on KEYS. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Bank of America increased their target price on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. Wells Fargo & Company raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Robert W. Baird raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average 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.