Zweig DiMenna Associates LLC Makes New Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Zweig DiMenna Associates LLC acquired a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 54,500 shares of the scientific and technical instruments company's stock, valued at approximately $8,670,000.

Several other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC grew its stake in shares of Keysight Technologies by 145.9% during the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company's stock valued at $43,000 after purchasing an additional 159 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Keysight Technologies by 45.5% during the third quarter. Lazard Asset Management LLC now owns 282,601 shares of the scientific and technical instruments company's stock valued at $37,390,000 after purchasing an additional 88,406 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Keysight Technologies by 5.7% during the third quarter. Coldstream Capital Management Inc. now owns 2,778 shares of the scientific and technical instruments company's stock valued at $368,000 after purchasing an additional 151 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Keysight Technologies by 27.6% during the third quarter. Nordea Investment Management AB now owns 718,297 shares of the scientific and technical instruments company's stock valued at $96,209,000 after purchasing an additional 155,226 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its stake in shares of Keysight Technologies by 3.9% during the fourth quarter. Archford Capital Strategies LLC now owns 3,352 shares of the scientific and technical instruments company's stock valued at $533,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Trading Up 1.5 %

KEYS traded up $2.38 during mid-day trading on Friday, hitting $157.23. The stock had a trading volume of 952,415 shares, compared to its average volume of 1,182,611. The stock's fifty day simple moving average is $154.39 and its 200-day simple moving average is $144.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The firm has a market capitalization of $27.45 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 7.12 and a beta of 1.05. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business posted $1.72 earnings per share. The firm's quarterly revenue was down 8.8% on a year-over-year basis. As a group, research analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KEYS shares. TheStreet raised shares of Keysight Technologies from a "c+" rating to a "b-" rating in a research note on Wednesday, December 13th. Barclays raised their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 21st. Citigroup raised their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut shares of Keysight Technologies from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $160.63.

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.