Zweig DiMenna Associates LLC Purchases Shares of 54,500 Keysight Technologies, Inc. (NYSE:KEYS)

Zweig DiMenna Associates LLC acquired a new position in Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,500 shares of the scientific and technical instruments company’s stock, valued at approximately $8,670,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Keysight Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock worth $3,214,409,000 after purchasing an additional 153,857 shares in the last quarter. State Street Corp increased its stake in shares of Keysight Technologies by 1.9% in the 2nd quarter. State Street Corp now owns 8,029,013 shares of the scientific and technical instruments company’s stock worth $1,344,458,000 after acquiring an additional 150,464 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Keysight Technologies by 7.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,264,113 shares of the scientific and technical instruments company’s stock worth $688,569,000 after acquiring an additional 302,273 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Keysight Technologies by 3.6% in the 3rd quarter. Mackenzie Financial Corp now owns 3,912,631 shares of the scientific and technical instruments company’s stock worth $513,728,000 after acquiring an additional 136,818 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Keysight Technologies by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 3,681,799 shares of the scientific and technical instruments company’s stock worth $593,185,000 after acquiring an additional 66,008 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded up $2.38 during trading on Friday, reaching $157.23. 952,415 shares of the company traded hands, compared to its average volume of 1,182,611. The firm has a 50 day simple moving average of $154.39 and a 200-day simple moving average of $144.63. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $27.45 billion, a PE ratio of 28.85, a P/E/G ratio of 7.12 and a beta of 1.05. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 EPS. Equities research analysts anticipate that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on KEYS. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Barclays raised their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. TheStreet upgraded shares of Keysight Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Finally, Citigroup raised their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $160.63.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.