Summit Global Investments Increases Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Summit Global Investments grew its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,981 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,525 shares during the quarter. Summit Global Investments’ holdings in Keysight Technologies were worth $5,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Natixis Advisors L.P. boosted its holdings in shares of Keysight Technologies by 42.1% during the 4th quarter. Natixis Advisors L.P. now owns 254,553 shares of the scientific and technical instruments company’s stock valued at $40,496,000 after buying an additional 75,386 shares in the last quarter. West Family Investments Inc. bought a new position in Keysight Technologies in the 4th quarter worth approximately $287,000. Summit Financial LLC raised its holdings in shares of Keysight Technologies by 3.3% during the 4th quarter. Summit Financial LLC now owns 2,756 shares of the scientific and technical instruments company’s stock worth $438,000 after acquiring an additional 87 shares in the last quarter. Concord Wealth Partners raised its holdings in Keysight Technologies by 90.5% during the 4th quarter. Concord Wealth Partners now owns 1,158 shares of the scientific and technical instruments company’s stock valued at $184,000 after buying an additional 550 shares during the period. Finally, Andina Capital Management LLC bought a new stake in Keysight Technologies in the fourth quarter worth $224,000. Institutional investors own 84.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. Citigroup boosted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays boosted their price target on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. One 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 data from MarketBeat, Keysight Technologies has a consensus rating of “Hold” and an average target price of $160.63.

Insider Activity

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

Keysight Technologies Stock Up 1.4 %

Shares of KEYS traded up $1.96 during midday trading on Thursday, reaching $146.91. 551,775 shares of the company were exchanged, compared to its average volume of 1,212,015. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72. The stock has a 50-day moving average price of $152.65 and a 200-day moving average price of $147.12. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 6.70 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. Research analysts expect that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

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.