Forum Financial Management LP Grows Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Forum Financial Management LP grew its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 24.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,735 shares of the scientific and technical instruments company’s stock after purchasing an additional 341 shares during the period. Forum Financial Management LP’s holdings in Keysight Technologies were worth $279,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 133 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Keysight Technologies by 241.8% in the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 191 shares during the last quarter. Quarry LP increased its position in Keysight Technologies by 188.1% during the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock worth $70,000 after buying an additional 284 shares during the period. Huntington National Bank increased its position in Keysight Technologies by 37.4% during the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock worth $127,000 after buying an additional 216 shares during the period. Finally, Principal Securities Inc. increased its position in Keysight Technologies by 45.0% during the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company’s stock worth $134,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling

In other news, CFO Neil Dougherty sold 3,632 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, the chief financial officer now directly owns 115,063 shares of the company’s stock, valued at $17,834,765. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard P. Hamada sold 1,589 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,829,920. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on KEYS shares. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Bank of America lifted their price target on Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a research report on Thursday, May 22nd. Robert W. Baird lifted their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $162.25 on Wednesday. The stock has a fifty day moving average price of $147.76 and a 200 day moving average price of $159.68. The stock has a market cap of $28.04 billion, a PE ratio of 46.36, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. Keysight Technologies’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. Sell-side analysts forecast that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal 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.