Robeco Schweiz AG Purchases New Stake in Keysight Technologies Inc. (NYSE:KEYS)

Robeco Schweiz AG purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 77,000 shares of the scientific and technical instruments company's stock, valued at approximately $11,532,000.

Several other large investors have also made changes to their positions in KEYS. Kovitz Investment Group Partners LLC grew its stake in shares of Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after purchasing an additional 3,650,953 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Keysight Technologies by 29.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock worth $2,588,546,000 after acquiring an additional 3,621,349 shares during the last quarter. Norges Bank acquired a new position in shares of Keysight Technologies in the fourth quarter worth approximately $320,707,000. Point72 Asset Management L.P. boosted its holdings in Keysight Technologies by 343.6% in the fourth quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock valued at $161,946,000 after acquiring an additional 780,893 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Keysight Technologies by 36,268.6% in the first quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after acquiring an additional 748,583 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Trading Up 0.6%

Shares of Keysight Technologies stock opened at $164.87 on Friday. The company has a market capitalization of $28.38 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.09. The stock has a fifty day simple moving average of $160.47 and a 200 day simple moving average of $158.86. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46.

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 (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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business's revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KEYS has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of 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 lifted their price objective 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 report on Saturday, March 22nd. Finally, Morgan Stanley raised 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. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

Insider Activity

In related news, CEO Satish Dhanasekaran sold 658 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the transaction, the chief executive officer owned 115,576 shares in the company, valued at approximately $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neil Dougherty sold 12,215 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the sale, the chief financial officer directly owned 115,228 shares of the company's stock, valued at $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,830 shares of company stock worth $5,124,049. Corporate 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.

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