Optimal Asset Management Inc. increased its stake in Keysight Technologies Inc (NYSE:KEYS) by 285.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,422 shares of the scientific and technical instruments company’s stock after purchasing an additional 15,121 shares during the quarter. Optimal Asset Management Inc.’s holdings in Keysight Technologies were worth $1,709,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KEYS. Asset Management One Co. Ltd. grew its position in Keysight Technologies by 4.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 116,739 shares of the scientific and technical instruments company’s stock worth $11,981,000 after acquiring an additional 4,587 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Keysight Technologies by 16.5% in the fourth quarter. Handelsbanken Fonder AB now owns 165,500 shares of the scientific and technical instruments company’s stock worth $16,985,000 after purchasing an additional 23,500 shares during the last quarter. Vestcor Investment Management Corp bought a new stake in Keysight Technologies in the fourth quarter worth $334,000. Swiss National Bank lifted its stake in Keysight Technologies by 22.9% in the first quarter. Swiss National Bank now owns 727,826 shares of the scientific and technical instruments company’s stock worth $60,904,000 after purchasing an additional 135,700 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Keysight Technologies by 34.9% in the fourth quarter. Franklin Resources Inc. now owns 1,631,694 shares of the scientific and technical instruments company’s stock worth $167,461,000 after purchasing an additional 422,518 shares during the last quarter. 86.85% of the stock is currently owned by institutional investors.

In related news, CFO Neil Dougherty sold 79,374 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $105.24, for a total value of $8,353,319.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard P. Hamada sold 2,438 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $102.00, for a total transaction of $248,676.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at approximately $4,300,320. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,241 shares of company stock worth $8,968,247. Corporate insiders own 0.42% of the company’s stock.

KEYS traded down $2.45 during midday trading on Friday, reaching $97.94. The company’s stock had a trading volume of 18,292 shares, compared to its average volume of 2,459,843. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 3.40 and a beta of 1.12. The company has a current ratio of 3.47, a quick ratio of 2.67 and a debt-to-equity ratio of 0.62. Keysight Technologies Inc has a 1 year low of $77.93 and a 1 year high of $110.00. The stock’s 50-day moving average is $101.71 and its 200-day moving average is $97.63.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.15). Keysight Technologies had a net margin of 14.01% and a return on equity of 26.33%. The firm had revenue of $892.00 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $1.22 EPS. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. As a group, equities research analysts forecast that Keysight Technologies Inc will post 3.8 earnings per share for the current fiscal year.

Several analysts have weighed in on KEYS shares. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $112.00 to $127.00 in a research note on Monday, June 1st. Susquehanna Bancshares reissued a “buy” rating and issued a $130.00 price target on shares of Keysight Technologies in a research note on Thursday, June 18th. ValuEngine raised shares of Keysight Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Bank of America decreased their price target on shares of Keysight Technologies from $105.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $125.00 price target on shares of Keysight Technologies in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $114.80.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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