Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 12.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,642 shares of the scientific and technical instruments company’s stock after selling 2,567 shares during the period. Inspire Investing LLC’s holdings in Keysight Technologies were worth $2,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in Keysight Technologies in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Keysight Technologies during the 2nd quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new stake in Keysight Technologies during the 1st quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in Keysight Technologies during the 2nd quarter valued at approximately $30,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 184 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on KEYS. Susquehanna decreased their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. Vertical Research began coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price for the company. Bank of America lifted their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $150.23 on Thursday. The company has a fifty day simple moving average of $141.31 and a 200-day simple moving average of $144.86. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $26.22 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 5.03 and a beta of 0.97. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 EPS. On average, equities analysts anticipate that Keysight Technologies, Inc. will post 5.35 EPS 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.