Victory Capital Management Inc. Acquires 1,841,494 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Victory Capital Management Inc. increased its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 1,224.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,991,884 shares of the scientific and technical instruments company's stock after acquiring an additional 1,841,494 shares during the period. Victory Capital Management Inc. owned approximately 1.15% of Keysight Technologies worth $298,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC increased its holdings in Keysight Technologies by 2.8% during the 4th 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. Private Trust Co. NA grew its stake in Keysight Technologies by 39.9% in the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock worth $39,000 after buying an additional 75 shares in the last quarter. Principal Securities Inc. grew its stake in Keysight Technologies by 9.1% in the 1st quarter. Principal Securities Inc. now owns 910 shares of the scientific and technical instruments company's stock worth $146,000 after buying an additional 76 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in Keysight Technologies by 14.2% in the 1st quarter. Pinnacle Bancorp Inc. now owns 669 shares of the scientific and technical instruments company's stock worth $100,000 after buying an additional 83 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its stake in Keysight Technologies by 4.8% in the 1st quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company's stock worth $277,000 after buying an additional 85 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Down 0.2%

KEYS traded down $0.32 during trading on Friday, hitting $162.74. 162,425 shares of the stock traded hands, compared to its average volume of 1,088,460. The firm has a market capitalization of $28.01 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The firm has a 50-day moving average of $161.84 and a 200 day moving average of $158.83. 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 announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 EPS. Equities research analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on KEYS. Morgan Stanley boosted their price target 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. Bank of America boosted 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. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $185.56.

Insiders Place Their Bets

In related news, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the transaction, the chief financial officer directly owned 115,228 shares in the company, valued at $18,966,528.80. This trade represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the transaction, the senior vice president owned 108,590 shares of the company's stock, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,830 shares of company stock worth $5,124,049. Company 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.