Keysight Technologies Inc. (NYSE:KEYS) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 407,504 shares of the scientific and technical instruments company's stock after purchasing an additional 2,535 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Keysight Technologies worth $61,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KEYS. Praxis Investment Management Inc. raised its position in Keysight Technologies by 45.8% in the 1st quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock worth $954,000 after purchasing an additional 2,000 shares during the period. True Link Financial Advisors LLC purchased a new stake in shares of Keysight Technologies in the first quarter worth approximately $351,000. Exchange Traded Concepts LLC lifted its stake in shares of Keysight Technologies by 18.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,752 shares of the scientific and technical instruments company's stock worth $262,000 after acquiring an additional 279 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock worth $4,448,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Keysight Technologies by 0.4% during the 4th 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. Hedge funds and other institutional investors own 84.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Bank of America raised 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, May 22nd. JPMorgan Chase & Co. boosted their price objective 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. Finally, Morgan Stanley upped their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Keysight Technologies Stock Down 4.3%

Keysight Technologies stock traded down $7.14 during midday trading on Thursday, hitting $158.39. 478,741 shares of the company's stock were exchanged, compared to its average volume of 1,101,198. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The company has a market cap of $27.26 billion, a PE ratio of 37.18, a P/E/G ratio of 2.24 and a beta of 1.09. The firm has a 50-day moving average of $158.39 and a two-hundred day moving average of $158.94. Keysight Technologies Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. As a group, analysts expect 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, Director Richard P. Hamada sold 1,589 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the completion of the sale, the director directly owned 42,160 shares of the company's stock, valued at approximately $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the business'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 transaction of $103,819.24. Following the transaction, the chief executive officer owned 115,576 shares of the company's stock, valued at approximately $18,235,581.28. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,830 shares of company stock valued at $5,124,049 over the last three months. Corporate insiders own 0.61% of the company's stock.

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.