ING Groep NV Grows Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

ING Groep NV increased its position in Keysight Technologies, Inc. (NYSE:KEYS) by 478.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,843 shares of the scientific and technical instruments company’s stock after buying an additional 112,354 shares during the period. ING Groep NV owned about 0.08% of Keysight Technologies worth $21,590,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on KEYS shares. Bank of America raised their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Robert W. Baird lowered their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $158.00 to $180.00 in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price 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. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.89.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

Keysight Technologies Trading Down 2.3 %

NYSE:KEYS opened at $153.66 on Friday. The firm has a market capitalization of $26.67 billion, a P/E ratio of 29.55, a P/E/G ratio of 4.65 and a beta of 0.98. The business has a 50 day simple moving average of $155.05 and a 200 day simple moving average of $145.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $166.28.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Equities research analysts predict that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

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.