National Asset Management Inc. reduced its holdings in Keysight Technologies, Inc. (NYSE: KEYS – Get Rating) by 21.9% in the first quarter, according to its most recent communication with the Securities and Exchange Commission (SEC). The institutional investor held 6,225 shares of the scientific and technical instruments company after selling 1,741 shares during the quarter. National Asset Management Inc.’s holdings in Keysight Technologies were worth $985,000 at the end of the most recent period.
Other institutional investors and hedge funds have also recently changed their stakes in the company. TCI Wealth Advisors Inc. increased its position in Keysight Technologies by 82.1% during the first quarter. TCI Wealth Advisors Inc. now owns 173 shares of the scientific and technical instruments company worth $27,000 after buying 78 more shares in the last quarter. Addison Advisors LLC increased its position in Keysight Technologies shares by 3,320.0% in the first quarter. Addison Advisors LLC now owns 171 shares of the scientific and technical instruments company valued at $27,000 after buying an additional 166 shares in the last quarter. Riverview Trust Co acquired a new equity stake in Keysight Technologies in the first quarter worth approximately $30,000. TAP Consulting LLC acquired a new stake in shares of Keysight Technologies in the fourth quarter worth approximately $32,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new equity stake in Keysight Technologies in the first quarter worth approximately $36,000. 84.00% of the shares are held by institutional investors and hedge funds.
Insiders place their bets
In other Keysight Technologies news, Director Kevin A. Stephens purchased 500 shares of the company in a trade dated Thursday, June 30. The shares were purchased at an average price of $136.91 per share, for a total transaction of $68,455.00. As a result of the purchase, the administrator now owns 3,626 shares of the company, valued at approximately $496,435.66. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. In other news, Director Richard P. Hamada sold 1,626 shares of Keysight Technologies in a trade on Monday, June 6. The stock was sold at an average price of $150.00, for a total value of $243,900.00. Following the transaction, the administrator now owns 42,160 shares of the company, valued at approximately $6,324,000. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, director Kevin A. Stephens purchased 500 shares of the company in a transaction dated Thursday, June 30. The shares were acquired at an average price of $136.91 per share, for a total transaction of $68,455.00. As a result of the purchase, the administrator now owns 3,626 shares of the company, valued at approximately $496,435.66. Disclosure of this purchase can be found here. Company insiders own 0.52% of the company’s shares.
Pricing performance of Keysight Technologies
Keysight Technologies stock opened Monday at $150.58. The stock’s fifty-day moving average price is $140.81 and its two-hundred-day moving average price is $151.96. Keysight Technologies, Inc. has a one-year low of $127.93 and a one-year high of $209.08. The company has a debt ratio of 0.47, a current ratio of 2.86 and a quick ratio of 2.26. The company has a market capitalization of $27.10 billion, a PE ratio of 27.23, a growth price-earnings ratio of 2.53 and a beta of 1.07.
Keysight Technologies Inc (NYSE:KEYS – Get Rating) last released quarterly earnings data on Tuesday, May 17. The scientific and engineering instruments company reported EPS of $1.68 for the quarter, beating analyst consensus estimates of $1.48 by $0.20. Keysight Technologies had a return on equity of 30.60% and a net margin of 19.90%. The company posted revenue of $1.35 billion for the quarter, versus analyst estimates of $1.30 billion. In the same quarter last year, the company achieved EPS of $1.34. The company’s revenue increased 10.6% year over year. As a group, research analysts expect Keysight Technologies, Inc. to post EPS of 6.53 for the current fiscal year.
Analysts set new price targets
A number of analysts have recently released reports on KEYS shares. UBS Group reduced its price target on Keysight Technologies from $220.00 to $177.00 and set a “buy” rating for the company in a Friday, June 17 research report. StockNews.com began covering Keysight Technologies in a research report on Thursday, March 31. They issued a “buy” rating for the company. Robert W. Baird lowered his target price on Keysight Technologies from $198.00 to $166.00 in a Monday, May 16 research note. JPMorgan Chase & Co. lowered its price target on Keysight Technologies from $200.00 to $176.00 and set an “overweight” rating on the stock in a Thursday, July 14 research note. Finally, Goldman Sachs Group lowered its price target on Keysight Technologies from $185.00 to $165.00 and set a “buy” rating on the stock in a Wednesday, June 1 research note. Two equity research analysts gave the stock a hold rating and eleven gave the company a buy rating. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $191.50.
About Keysight Technologies
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Keysight Technologies, Inc provides electronic design and test solutions to the commercial communications, networking, aerospace, defense and government, automotive, power, semiconductor, electronics and education in the Americas, Europe and 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 the resale of refurbished used Keysight equipment.
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