Siemens Fonds Invest GmbH Acquires 74,395 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Siemens Fonds Invest GmbH raised its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 1,984.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,144 shares of the scientific and technical instruments company's stock after purchasing an additional 74,395 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Keysight Technologies were worth $12,664,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in Keysight Technologies by 8.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock valued at $4,448,000 after buying an additional 2,260 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Keysight Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock valued at $708,349,000 after acquiring an additional 17,213 shares during the period. PNC Financial Services Group Inc. increased its holdings in Keysight Technologies by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock valued at $8,896,000 after buying an additional 1,755 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Keysight Technologies by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company's stock worth $3,018,000 after purchasing an additional 3,857 shares during the last quarter. Finally, Portfolio Design Labs LLC lifted its holdings in shares of Keysight Technologies by 17.7% in the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock valued at $2,498,000 after purchasing an additional 2,336 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Analyst Ratings Changes

KEYS has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. JPMorgan Chase & Co. upped their target price 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 raised their price objective on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Keysight Technologies Price Performance

Shares of NYSE KEYS traded down $0.13 during midday trading on Thursday, reaching $158.41. 973,621 shares of the company traded hands, compared to its average volume of 1,135,582. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The stock's 50-day simple moving average is $147.83 and its 200-day simple moving average is $159.67. 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 firm has a market cap of $27.37 billion, a PE ratio of 45.26, a PEG ratio of 2.41 and a beta of 1.10.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction on Thursday, March 27th. The stock was 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 approximately $17,834,765. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard P. Hamada sold 1,589 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at $6,829,920. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

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.