Oppenheimer Asset Management Inc. Purchases 37,528 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Oppenheimer Asset Management Inc. boosted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 318.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,299 shares of the scientific and technical instruments company's stock after purchasing an additional 37,528 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Keysight Technologies were worth $7,835,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KEYS. Swedbank AB grew its stake in shares of Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock valued at $702,671,000 after buying an additional 292,372 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Keysight Technologies by 352.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company's stock worth $494,299,000 after purchasing an additional 2,462,543 shares during the last quarter. Capital World Investors bought a new stake in shares of Keysight Technologies in the 1st quarter valued at about $250,097,000. Van ECK Associates Corp lifted its stake in Keysight Technologies by 6.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company's stock valued at $188,540,000 after purchasing an additional 79,774 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Keysight Technologies by 3.8% during the first quarter. Bessemer Group Inc. now owns 1,141,274 shares of the scientific and technical instruments company's stock worth $178,473,000 after purchasing an additional 42,126 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird dropped their price objective on Keysight Technologies from $167.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a "buy" rating in a report on Monday, August 26th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Barclays raised shares of Keysight Technologies from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $158.00 to $180.00 in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Keysight Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $170.89.

Keysight Technologies Trading Down 2.7 %

Shares of KEYS stock traded down $4.09 during trading hours on Friday, hitting $149.59. 589,564 shares of the company's stock traded hands, compared to its average volume of 1,171,076. The stock's 50 day simple moving average is $155.05 and its 200 day simple moving average is $145.93. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $25.96 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 4.65 and a beta of 0.98. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $166.28.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. Keysight Technologies's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 EPS. On average, sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 of the company's stock, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company's stock.

Keysight Technologies Company 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.