Deutsche Bank AG Takes Position in Keysight Technologies Inc. $KEYS

Deutsche Bank AG bought a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,034,014 shares of the scientific and technical instruments company’s stock, valued at approximately $361,977,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KEYS. Cornerstone Planning Group LLC raised its holdings in Keysight Technologies by 36.1% during the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 30 shares in the last quarter. Quarry LP acquired a new stake in Keysight Technologies in the fourth quarter worth approximately $25,000. Oslo Pensjonsforsikring AS bought a new position in Keysight Technologies during the 1st quarter valued at $44,000. Eastern Bank boosted its stake in Keysight Technologies by 79.0% during the 2nd quarter. Eastern Bank now owns 179 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 79 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Keysight Technologies during the 1st quarter valued at $58,000. 84.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Barclays raised their price objective on shares of Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Susquehanna lifted their price objective on shares of Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, May 20th. Robert W. Baird boosted their target price on shares of Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.

Insider Buying and Selling

In other news, CEO Satish Dhanasekaran sold 507 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer owned 121,391 shares in the company, valued at $43,860,996.12. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the transaction, the director directly owned 21,821 shares in the company, valued at $7,562,722.18. The trade was a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 5,507 shares of company stock worth $1,904,669. Insiders own 0.40% of the company’s stock.

Keysight Technologies Trading Up 0.6%

NYSE:KEYS opened at $359.87 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51. Keysight Technologies Inc. has a fifty-two week low of $152.85 and a fifty-two week high of $374.96. The stock’s 50-day moving average is $333.92 and its two-hundred day moving average is $313.09. The stock has a market cap of $61.50 billion, a PE ratio of 59.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.32 by $0.55. Keysight Technologies had a net margin of 17.25% and a return on equity of 21.58%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company posted $1.70 EPS. Keysight Technologies’s revenue was up 31.5% on a year-over-year basis. As a group, equities research analysts forecast that Keysight Technologies Inc. will post 9.03 earnings per share for the current fiscal year.

Keysight Technologies Company Profile

Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.

Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.