CIBC Asset Management Inc Increases Stake in Keysight Technologies Inc (KEYS)

CIBC Asset Management Inc lifted its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 510.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,329 shares of the scientific and technical instruments company’s stock after acquiring an additional 88,924 shares during the period. CIBC Asset Management Inc’s holdings in Keysight Technologies were worth $9,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Keysight Technologies in the 4th quarter valued at $108,952,000. Congress Asset Management Co. MA purchased a new position in Keysight Technologies in the 4th quarter valued at $81,678,000. Geode Capital Management LLC grew its position in Keysight Technologies by 48.2% in the 4th quarter. Geode Capital Management LLC now owns 2,678,128 shares of the scientific and technical instruments company’s stock valued at $165,994,000 after buying an additional 871,373 shares during the last quarter. Deutsche Bank AG grew its position in Keysight Technologies by 88.1% in the 4th quarter. Deutsche Bank AG now owns 1,757,954 shares of the scientific and technical instruments company’s stock valued at $109,130,000 after buying an additional 823,501 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Keysight Technologies by 91.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,017,038 shares of the scientific and technical instruments company’s stock valued at $63,138,000 after buying an additional 485,479 shares during the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

KEYS has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Citigroup upgraded shares of Keysight Technologies to a “top pick” rating and set a $100.00 price objective on the stock in a research report on Friday, February 22nd. Credit Suisse Group lifted their price objective on shares of Keysight Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 22nd. Deutsche Bank lifted their price objective on shares of Keysight Technologies to $100.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. Finally, TheStreet upgraded shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $88.33.

In other Keysight Technologies news, SVP Jay Alexander sold 17,342 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $84.52, for a total transaction of $1,465,745.84. Following the sale, the senior vice president now directly owns 78,720 shares in the company, valued at approximately $6,653,414.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Skinner sold 4,671 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $84.61, for a total transaction of $395,213.31. Following the sale, the vice president now owns 30,377 shares in the company, valued at $2,570,197.97. The disclosure for this sale can be found here. Insiders have sold a total of 99,707 shares of company stock worth $8,455,884 over the last 90 days. Insiders own 0.65% of the company’s stock.

Shares of NYSE KEYS opened at $83.79 on Wednesday. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 27.93 and a beta of 1.14. Keysight Technologies Inc has a one year low of $52.55 and a one year high of $93.77. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.82.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.22 million. Keysight Technologies had a net margin of 4.57% and a return on equity of 25.15%. Analysts forecast that Keysight Technologies Inc will post 3.66 EPS for the current year.

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Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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