Thompson Investment Management Inc. Acquires 1,255 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Thompson Investment Management Inc. raised its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,626 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,255 shares during the quarter. Thompson Investment Management Inc.’s holdings in Keysight Technologies were worth $7,604,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Jennison Associates LLC purchased a new position in shares of Keysight Technologies during the 4th quarter valued at about $395,789,000. Van ECK Associates Corp lifted its position in shares of Keysight Technologies by 105.5% during the 4th quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after buying an additional 1,223,694 shares in the last quarter. Northern Trust Corp lifted its position in shares of Keysight Technologies by 5.2% during the 3rd quarter. Northern Trust Corp now owns 2,069,120 shares of the scientific and technical instruments company’s stock valued at $273,765,000 after buying an additional 102,420 shares in the last quarter. Norges Bank purchased a new position in shares of Keysight Technologies during the 4th quarter valued at about $303,444,000. Finally, Morgan Stanley lifted its position in shares of Keysight Technologies by 3.7% during the 3rd quarter. Morgan Stanley now owns 1,688,735 shares of the scientific and technical instruments company’s stock valued at $223,437,000 after buying an additional 60,158 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Price Performance

Shares of KEYS traded down $1.70 during mid-day trading on Wednesday, hitting $135.86. 509,390 shares of the stock were exchanged, compared to its average volume of 1,200,471. The company has a market cap of $23.71 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 4.75 and a beta of 1.00. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The firm has a 50-day moving average of $144.11 and a two-hundred day moving average of $150.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.99.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. On average, equities analysts predict that Keysight Technologies, Inc. will post 5.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KEYS shares. Robert W. Baird boosted their price target on Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Susquehanna lowered their price target on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a report on Tuesday, May 21st. Finally, Barclays boosted their price target on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating 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 assigned a buy rating to the stock. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $166.33.

Insider Activity

In other Keysight Technologies news, Director Kevin A. Stephens acquired 460 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $143.35 per share, with a total value of $65,941.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Kevin A. Stephens bought 460 shares of the stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $143.35 per share, for a total transaction of $65,941.00. Following the acquisition, the director now owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction 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 owns 3,913 shares of the company’s stock, 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.