M&T Bank Corp increased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,759 shares of the scientific and technical instruments company's stock after acquiring an additional 98 shares during the quarter. M&T Bank Corp's holdings in Keysight Technologies were worth $1,543,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Tredje AP fonden boosted its position in Keysight Technologies by 2.9% during the first quarter. Tredje AP fonden now owns 69,984 shares of the scientific and technical instruments company's stock worth $11,055,000 after acquiring an additional 2,000 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Keysight Technologies by 351.5% during the first quarter. Qube Research & Technologies Ltd now owns 198,830 shares of the scientific and technical instruments company's stock worth $31,409,000 after acquiring an additional 154,792 shares during the last quarter. Curi Wealth Management LLC raised its stake in Keysight Technologies by 16.5% during the first quarter. Curi Wealth Management LLC now owns 48,673 shares of the scientific and technical instruments company's stock worth $7,688,000 after purchasing an additional 6,908 shares during the period. Los Angeles Capital Management LLC raised its stake in Keysight Technologies by 2.8% during the first quarter. Los Angeles Capital Management LLC now owns 2,859 shares of the scientific and technical instruments company's stock worth $452,000 after purchasing an additional 77 shares during the period. Finally, Balentine LLC purchased a new position in Keysight Technologies during the first quarter worth approximately $394,000. Institutional investors and hedge funds own 84.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KEYS. The Goldman Sachs Group cut their price target on shares of Keysight Technologies from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, June 1st. Robert W. Baird cut their price target on shares of Keysight Technologies from $198.00 to $166.00 in a research note on Monday, May 16th. UBS Group cut their price target on shares of Keysight Technologies from $220.00 to $177.00 and set a "buy" rating on the stock in a research note on Friday, June 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $176.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Keysight Technologies from $200.00 to $176.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.67.

Keysight Technologies Stock Performance

Keysight Technologies (NYSE:KEYS – Get Rating) last released its quarterly earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.20. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts forecast that Keysight Technologies, Inc. will post 6.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,626 shares of Keysight Technologies stock in a transaction on Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the sale, the director now owns 42,160 shares of the company's stock, valued at approximately $6,324,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Keysight Technologies news, Director Richard P. Hamada sold 1,626 shares of the firm's stock in a transaction on Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company's stock, valued at approximately $6,324,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin A. Stephens acquired 500 shares of the firm's stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of $136.91 per share, with a total value of $68,455.00. Following the completion of the acquisition, the director now owns 3,626 shares in the company, valued at $496,435.66. The disclosure for this purchase can be found here. 0.55% of the stock is currently owned by insiders.

Keysight Technologies Company Profile

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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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

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