HighPoint Advisor Group LLC Takes Position in Keysight Technologies, Inc. (NYSE:KEYS)

HighPoint Advisor Group LLC bought a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYSFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,626 shares of the scientific and technical instruments company’s stock, valued at approximately $1,164,000.

Other hedge funds have also modified their holdings of the company. Ancora Advisors LLC purchased a new stake in Keysight Technologies in the 3rd quarter worth about $25,000. Venturi Wealth Management LLC increased its position in Keysight Technologies by 145.9% in the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 159 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Keysight Technologies by 31.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 82 shares during the last quarter. EdgeRock Capital LLC acquired a new position in Keysight Technologies in the 4th quarter worth about $46,000. Finally, GAMMA Investing LLC acquired a new position in Keysight Technologies in the 4th quarter worth about $48,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Up 0.3 %

Shares of NYSE KEYS traded up $0.45 during mid-day trading on Tuesday, reaching $137.40. 24,685 shares of the company traded hands, compared to its average volume of 1,196,156. The company’s fifty day moving average is $146.48 and its two-hundred day moving average is $151.14. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The stock has a market cap of $23.98 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 4.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.99.

Keysight Technologies (NYSE:KEYSGet Free Report) last announced its earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.01. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. On average, analysts expect that Keysight Technologies, Inc. will post 5.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KEYS. Robert W. Baird upped their target price on Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Barclays upped their target price on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Susquehanna dropped their target price on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research report on Tuesday, May 21st. Finally, Citigroup upped their target price on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Get Our Latest Stock Analysis on KEYS

Insider Activity at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares in the company, valued at approximately $4,457,369.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares in the company, valued at approximately $4,457,369.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin A. Stephens acquired 460 shares of Keysight Technologies stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $143.35 per share, with a total value of $65,941.00. Following the transaction, the director now directly owns 7,681 shares in the company, valued at approximately $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

Keysight Technologies Company Profile

(Free Report)

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.

Further Reading

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

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