SG Americas Securities LLC Increases Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

SG Americas Securities LLC boosted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 271.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,820 shares of the scientific and technical instruments company’s stock after buying an additional 54,698 shares during the quarter. SG Americas Securities LLC’s holdings in Keysight Technologies were worth $11,700,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KEYS. Jennison Associates LLC lifted its position in shares of Keysight Technologies by 53.2% during the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock worth $596,059,000 after purchasing an additional 1,323,775 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Keysight Technologies by 105.5% during the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock worth $379,134,000 after purchasing an additional 1,223,694 shares in the last quarter. Norges Bank acquired a new stake in shares of Keysight Technologies during the fourth quarter worth about $303,444,000. AMF Tjanstepension AB lifted its position in shares of Keysight Technologies by 96.0% during the first quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after purchasing an additional 828,913 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Keysight Technologies by 3.7% during the third quarter. Morgan Stanley now owns 1,688,735 shares of the scientific and technical instruments company’s stock worth $223,437,000 after purchasing an additional 60,158 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $142.11 on Friday. The firm has a market capitalization of $24.80 billion, a P/E ratio of 30.96, a P/E/G ratio of 4.91 and a beta of 0.95. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $141.43 and its two-hundred day moving average is $149.25.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.23 by $0.01. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. Research analysts forecast that Keysight Technologies, Inc. will post 5.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KEYS. Barclays increased their price target on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Robert W. Baird raised their target price on shares of Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Finally, Susquehanna reduced their target price on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $166.33.

Insider Buying and Selling at Keysight Technologies

In related news, Director Kevin A. Stephens purchased 460 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the purchase, the director now directly owns 7,681 shares of the company’s stock, valued at approximately $1,101,071.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the transaction, the vice president now directly owns 3,913 shares in the company, valued at $533,928.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin A. Stephens bought 460 shares of the stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the transaction, the director now owns 7,681 shares of the company’s stock, valued at approximately $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

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.