TRUE Private Wealth Advisors Takes Position in Keysight Technologies, Inc. (NYSE:KEYS)

TRUE Private Wealth Advisors purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,451 shares of the scientific and technical instruments company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Keysight Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after purchasing an additional 153,857 shares in the last quarter. State Street Corp boosted its stake in shares of Keysight Technologies by 2.8% during the 1st quarter. State Street Corp now owns 7,878,549 shares of the scientific and technical instruments company’s stock worth $1,272,228,000 after acquiring an additional 216,086 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Keysight Technologies by 7.6% during 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 boosted its stake in shares of Keysight Technologies by 3.6% during 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 boosted its stake in shares of Keysight Technologies by 1.8% during 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. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the company’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 transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays upped their price target on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. downgraded 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. Finally, Citigroup upped their price target on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $160.63.

Keysight Technologies Trading Down 2.0 %

Keysight Technologies stock opened at $146.89 on Friday. The business has a 50 day moving average price of $154.05 and a two-hundred day moving average price of $146.00. 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 cap of $25.64 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 EPS. As a group, equities analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

About Keysight Technologies

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.