Financial Advisors Network Inc. Makes New Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Financial Advisors Network Inc. bought a new position in shares of Keysight Technologies, Inc. (NYSE:KEYSFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,502 shares of the scientific and technical instruments company’s stock, valued at approximately $239,000.

Other hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its holdings in shares of Keysight Technologies by 5.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,778 shares of the scientific and technical instruments company’s stock valued at $368,000 after purchasing an additional 151 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of Keysight Technologies during the 3rd quarter valued at $504,000. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Keysight Technologies by 21.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,107 shares of the scientific and technical instruments company’s stock valued at $543,000 after purchasing an additional 728 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Keysight Technologies by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 5,669 shares of the scientific and technical instruments company’s stock valued at $750,000 after purchasing an additional 222 shares during the last quarter. Finally, Syon Capital LLC purchased a new stake in shares of Keysight Technologies during the 3rd quarter valued at $223,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on KEYS shares. Susquehanna cut 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. Robert W. Baird increased their price target on Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup increased their price target on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. downgraded Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Finally, Barclays increased their price target on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

View Our Latest Report on KEYS

Insider Buying and Selling at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded down $1.70 on Thursday, reaching $145.78. The company’s stock had a trading volume of 261,048 shares, compared to its average volume of 1,209,251. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.44. The stock’s 50-day moving average is $151.97 and its two-hundred day moving average is $150.09. The stock has a market capitalization of $25.45 billion, a P/E ratio of 32.13, a PEG ratio of 6.63 and a beta of 1.06.

Keysight Technologies (NYSE:KEYSGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $1.72 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

Keysight Technologies 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

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

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