Norden Group LLC Buys 42,824 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Norden Group LLC boosted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 2,625.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,455 shares of the scientific and technical instruments company’s stock after purchasing an additional 42,824 shares during the quarter. Norden Group LLC’s holdings in Keysight Technologies were worth $6,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in Keysight Technologies in the fourth quarter worth about $395,789,000. Van ECK Associates Corp raised its stake in shares of Keysight Technologies by 105.5% in 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 during the last quarter. Norges Bank purchased a new position in shares of Keysight Technologies in the fourth quarter worth about $303,444,000. AMF Tjanstepension AB raised its stake in shares of 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 during the last quarter. Finally, Morgan Stanley raised its stake in shares of Keysight Technologies by 3.7% in 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 during the last quarter. Institutional investors own 84.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Keysight Technologies Stock Down 0.8 %

Keysight Technologies stock opened at $135.33 on Friday. The stock has a market capitalization of $23.62 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 4.67 and a beta of 0.95. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The business has a 50 day simple moving average of $142.56 and a 200-day simple moving average of $150.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.48.

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

Insider Transactions at Keysight Technologies

In other news, Director Kevin A. Stephens purchased 460 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Kevin A. Stephens purchased 460 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lisa M. Poole sold 440 shares of Keysight Technologies stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the sale, 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. Corporate insiders own 0.60% of the company’s stock.

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.