Keysight Technologies, Inc. (NYSE:KEYS) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. increased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 161.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,071 shares of the scientific and technical instruments company's stock after buying an additional 12,400 shares during the period. Everence Capital Management Inc.'s holdings in Keysight Technologies were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in Keysight Technologies in the 4th quarter valued at $265,043,000. Moneta Group Investment Advisors LLC lifted its holdings in Keysight Technologies by 110,226.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company's stock valued at $256,680,000 after purchasing an additional 1,499,078 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Keysight Technologies by 1,588.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company's stock valued at $153,406,000 after purchasing an additional 1,090,763 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Keysight Technologies by 31.8% in the 4th quarter. Alliancebernstein L.P. now owns 2,160,766 shares of the scientific and technical instruments company's stock worth $369,642,000 after acquiring an additional 521,934 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Keysight Technologies by 29.8% in the 4th quarter. Morgan Stanley now owns 2,026,408 shares of the scientific and technical instruments company's stock worth $346,658,000 after acquiring an additional 464,655 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares of the company's stock, valued at $4,457,369.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

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

Keysight Technologies Stock Down 1.1 %

Shares of KEYS traded down $1.70 during midday trading on Tuesday, hitting $151.62. The company had a trading volume of 965,071 shares, compared to its average volume of 1,245,216. The company's 50-day simple moving average is $154.50 and its 200-day simple moving average is $145.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The firm has a market capitalization of $26.47 billion, a P/E ratio of 27.82, a P/E/G ratio of 7.03 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 posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm's revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share. As a group, sell-side analysts expect that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

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.