Cullinan Associates Inc. Takes $250,000 Position in Keysight Technologies, Inc. (NYSE:KEYS)

Cullinan Associates Inc. bought a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,600 shares of the scientific and technical instruments company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently modified their holdings of KEYS. Congress Wealth Management LLC DE grew its stake in Keysight Technologies by 0.8% in the first quarter. Congress Wealth Management LLC DE now owns 82,651 shares of the scientific and technical instruments company’s stock worth $12,925,000 after purchasing an additional 695 shares in the last quarter. Compass Ion Advisors LLC bought a new position in Keysight Technologies in the first quarter worth approximately $410,000. AMF Tjanstepension AB grew its stake in Keysight Technologies by 96.0% in 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. Wealth Enhancement Advisory Services LLC grew its stake in Keysight Technologies by 19.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,241 shares of the scientific and technical instruments company’s stock worth $1,601,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Cardinal Capital Management grew its stake in Keysight Technologies by 5.2% in the first quarter. Cardinal Capital Management now owns 38,281 shares of the scientific and technical instruments company’s stock worth $5,986,000 after purchasing an additional 1,887 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS opened at $136.48 on Wednesday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The stock has a fifty day moving average price of $143.03 and a 200-day moving average price of $150.37. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. The firm has a market cap of $23.82 billion, a PE ratio of 29.73, a P/E/G ratio of 4.72 and a beta of 0.95.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data 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. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Equities research analysts predict that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Barclays increased their price objective on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. Finally, Susquehanna lowered their target price on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company 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 stock. Based on data from MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $166.33.

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.