Summit Global Investments Has $5.72 Million Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Summit Global Investments increased its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,981 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,525 shares during the period. Summit Global Investments’ holdings in Keysight Technologies were worth $5,724,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KEYS. Trust Investment Advisors boosted its stake in Keysight Technologies by 1.8% in the 4th quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock worth $664,000 after purchasing an additional 75 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Keysight Technologies by 31.5% during the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 82 shares during the period. Summit Financial LLC increased its holdings in shares of Keysight Technologies by 3.3% during the fourth quarter. Summit Financial LLC now owns 2,756 shares of the scientific and technical instruments company’s stock worth $438,000 after purchasing an additional 87 shares during the period. Guinness Asset Management LTD boosted its position in shares of Keysight Technologies by 2.8% during the 3rd quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock worth $422,000 after acquiring an additional 88 shares in the last quarter. Finally, Princeton Capital Management LLC boosted its position in shares of Keysight Technologies by 1.6% during the 3rd quarter. Princeton Capital Management LLC now owns 6,488 shares of the scientific and technical instruments company’s stock worth $858,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock traded up $1.96 on Thursday, hitting $146.91. 551,775 shares of the company traded hands, compared to its average volume of 1,212,015. The business has a 50-day simple moving average of $152.65 and a 200 day simple moving average of $147.12. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The stock has a market capitalization of $25.64 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 6.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. Citigroup lifted their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Barclays lifted their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Hold” and an average target price of $160.63.

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.