Assenagon Asset Management S.A. Has $15.18 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Assenagon Asset Management S.A. lifted its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 365.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,362 shares of the scientific and technical instruments company’s stock after acquiring an additional 79,578 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of Keysight Technologies worth $15,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its holdings in shares of Keysight Technologies by 8.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock worth $4,448,000 after acquiring an additional 2,260 shares in the last quarter. Geode Capital Management LLC raised its stake in Keysight Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock valued at $708,349,000 after buying an additional 17,213 shares during the period. PNC Financial Services Group Inc. raised its stake in Keysight Technologies by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company’s stock valued at $8,896,000 after buying an additional 1,755 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Keysight Technologies by 512.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,539 shares of the scientific and technical instruments company’s stock worth $8,129,000 after purchasing an additional 42,289 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Keysight Technologies by 6.8% during the fourth quarter. Victory Capital Management Inc. now owns 150,390 shares of the scientific and technical instruments company’s stock worth $24,157,000 after purchasing an additional 9,626 shares during the period. Institutional investors own 84.58% of the company’s stock.

Insider Activity at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 658 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the completion of the sale, the chief executive officer now directly owns 115,576 shares of the company’s stock, valued at $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Page sold 7,368 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the transaction, the senior vice president now owns 36,986 shares in the company, valued at approximately $5,835,651.08. This trade represents a 16.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,247 shares of company stock valued at $2,086,720 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KEYS has been the subject of several analyst reports. Bank of America lifted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a report on Thursday, May 22nd. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Wells Fargo & Company upped their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Robert W. Baird upped their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $158.18 on Friday. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 2.41 and a beta of 1.09. The business’s fifty day moving average is $151.34 and its 200 day moving average is $159.59. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $1.41 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts expect that Keysight Technologies, Inc. will post 6.32 EPS for the current fiscal year.

Keysight Technologies 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.