XTX Topco Ltd Takes $1.16 Million Position in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• XTX Topco Ltd acquired 7,754 shares of Keysight Technologies worth approximately $1,161,000 during the first quarter, indicating strong institutional interest in the company.
• Keysight Technologies reported earnings per share of $1.70 for the last quarter, exceeding analysts' expectations and showing a 7.4% increase in revenue year-over-year.
• Several major firms, including JPMorgan Chase and Morgan Stanley, have lifted their price targets for Keysight Technologies, with forecasts suggesting strong growth and an average target of $187.50.

XTX Topco Ltd purchased a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,754 shares of the scientific and technical instruments company's stock, valued at approximately $1,161,000.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its stake in Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after purchasing an additional 75 shares during the period. Principal Securities Inc. lifted its position in shares of 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 acquiring an additional 76 shares during the period. Pinnacle Bancorp Inc. lifted its position in shares of 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 acquiring an additional 83 shares during the period. Integrated Advisors Network LLC lifted its position in shares of 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 acquiring an additional 85 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in shares of Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 90 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Trading Up 1.9%

Shares of NYSE KEYS traded up $2.97 during midday trading on Monday, hitting $161.65. The stock had a trading volume of 1,028,588 shares, compared to its average volume of 776,454. The company's 50-day simple moving average is $162.41 and its 200 day simple moving average is $158.89. The firm has a market cap of $27.82 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. Research analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Bank of America raised Keysight Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the company from $170.00 to $175.00 in a report on Monday, July 21st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $187.50.

Insiders Place Their Bets

In other news, 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president owned 108,590 shares in the company, valued at $17,262,552.30. This represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock worth $5,124,049 over the last three months. Insiders own 0.61% of the company's stock.

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.