M&T Bank Corp Purchases 42,611 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

M&T Bank Corp increased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 253.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,421 shares of the scientific and technical instruments company’s stock after acquiring an additional 42,611 shares during the period. M&T Bank Corp’s holdings in Keysight Technologies were worth $9,350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KEYS. JPMorgan Chase & Co. grew its position in Keysight Technologies by 35.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,734,064 shares of the scientific and technical instruments company’s stock worth $514,741,000 after acquiring an additional 983,521 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $147,028,000. Bessemer Group Inc. grew its position in shares of Keysight Technologies by 17,300.3% in the 3rd quarter. Bessemer Group Inc. now owns 482,163 shares of the scientific and technical instruments company’s stock valued at $75,874,000 after buying an additional 479,392 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its position in shares of Keysight Technologies by 24.5% in the 3rd quarter. Alphinity Investment Management Pty Ltd now owns 1,725,755 shares of the scientific and technical instruments company’s stock valued at $271,565,000 after buying an additional 339,700 shares during the last quarter. Finally, Findlay Park Partners LLP grew its position in shares of Keysight Technologies by 29.7% in the 2nd quarter. Findlay Park Partners LLP now owns 1,160,437 shares of the scientific and technical instruments company’s stock valued at $159,966,000 after buying an additional 265,572 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, March 8th. StockNews.com assumed coverage on Keysight Technologies in a research report on Thursday. They issued a “buy” rating on the stock. UBS Group reduced their price target on Keysight Technologies from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, February 23rd. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $175.00 to $202.00 in a research report on Tuesday, January 10th. Finally, The Goldman Sachs Group downgraded Keysight Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $196.00 to $189.00 in a research note on Tuesday, January 10th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.75.

Insider Buying and Selling

In other news, insider Ronald S. Nersesian sold 18,069 shares of the stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $170.00, for a total value of $3,071,730.00. Following the completion of the sale, the insider now directly owns 275,209 shares of the company’s stock, valued at $46,785,530. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.51% of the stock is owned by company insiders.

Keysight Technologies Stock Down 1.5 %

KEYS stock opened at $154.45 on Thursday. The stock’s 50 day simple moving average is $173.43 and its 200 day simple moving average is $170.43. Keysight Technologies, Inc. has a fifty-two week low of $127.93 and a fifty-two week high of $189.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.45 and a current ratio of 3.07. The company has a market cap of $27.51 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.57 and a beta of 1.07.

Keysight Technologies (NYSE:KEYS – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. Keysight Technologies had a return on equity of 32.50% and a net margin of 20.81%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business earned $1.41 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts expect that Keysight Technologies, Inc. will post 7.3 earnings per share for the current fiscal year.

Keysight Technologies Profile

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.