Cardinal Capital Management Has $5.99 Million Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Cardinal Capital Management raised its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,281 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,887 shares during the quarter. Cardinal Capital Management’s holdings in Keysight Technologies were worth $5,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KEYS. Jennison Associates LLC acquired a new position in Keysight Technologies during the 4th quarter valued at about $395,789,000. Norges Bank bought a new stake in Keysight Technologies in the fourth quarter valued at approximately $303,444,000. Van ECK Associates Corp increased its stake in Keysight Technologies by 105.5% in the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after purchasing an additional 1,223,694 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Keysight Technologies by 18,983.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 508,753 shares of the scientific and technical instruments company’s stock worth $80,938,000 after purchasing an additional 506,087 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of Keysight Technologies by 260.2% during the fourth quarter. Point72 Asset Management L.P. now owns 680,125 shares of the scientific and technical instruments company’s stock worth $108,201,000 after purchasing an additional 491,328 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Stock Performance

KEYS stock traded down $0.68 during mid-day trading on Thursday, hitting $135.22. 896,609 shares of the company were exchanged, compared to its average volume of 1,204,857. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72. The stock has a market capitalization of $23.60 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 4.75 and a beta of 1.00. The business has a 50 day simple moving average of $143.83 and a 200-day simple moving average of $150.87. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. On average, equities analysts forecast that Keysight Technologies, Inc. will post 5.25 earnings per share for the current year.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of research reports. Robert W. Baird increased their target price on Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Barclays increased their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Finally, Susquehanna cut their price objective on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.33.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the transaction, the vice president now directly owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the sale, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kevin A. Stephens purchased 460 shares of the stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $143.35 per share, with a total value of $65,941.00. Following the acquisition, the director now directly owns 7,681 shares in the company, valued at approximately $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

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.