Keysight Technologies, Inc. (NYSE:KEYS) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,156 shares of the scientific and technical instruments company's stock after acquiring an additional 17,945 shares during the quarter. CIBC Asset Management Inc owned approximately 0.07% of Keysight Technologies worth $20,323,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Keysight Technologies during the 2nd quarter worth approximately $27,000. Family Firm Inc. purchased a new stake in Keysight Technologies in the 2nd quarter valued at $30,000. American National Bank & Trust acquired a new stake in Keysight Technologies during the 3rd quarter worth $31,000. GPS Wealth Strategies Group LLC grew its position in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Keysight Technologies by 842.4% in the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company's stock valued at $43,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insider Activity at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Susquehanna dropped their price target on Keysight Technologies from $195.00 to $185.00 and set a "positive" rating on the stock in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Keysight Technologies from a "hold" rating to a "buy" rating in a research report on Friday. Vertical Research assumed coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $175.00 price objective for the company. Wells Fargo & Company reiterated an "overweight" rating and set a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.89.

Keysight Technologies Price Performance

KEYS traded down $4.31 during trading on Friday, reaching $149.37. 1,282,196 shares of the stock were exchanged, compared to its average volume of 1,174,195. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 4.65 and a beta of 0.98. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $166.28. The business's 50 day moving average price is $155.17 and its two-hundred day moving average price is $145.92.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the company earned $2.04 EPS. The firm's revenue was down 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current 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.