William Blair Investment Management LLC Takes Position in Keysight Technologies, Inc. (NYSE:KEYS)

William Blair Investment Management LLC purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,851 shares of the scientific and technical instruments company’s stock, valued at approximately $800,000.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Keysight Technologies in the first quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies in the 2nd quarter valued at $27,000. Family Firm Inc. bought a new position in Keysight Technologies during the 2nd quarter valued at $30,000. Larson Financial Group LLC purchased a new position in Keysight Technologies during the 1st quarter worth $31,000. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Keysight Technologies Price Performance

NYSE KEYS opened at $149.48 on Tuesday. 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 company has a market cap of $26.09 billion, a PE ratio of 32.57, a price-to-earnings-growth 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. The firm’s 50-day simple moving average is $140.54 and its two-hundred day simple moving average is $144.90.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm earned $2.04 EPS. Keysight Technologies’s revenue for the quarter was down 11.9% on a year-over-year basis. Research analysts predict that Keysight Technologies, Inc. will post 5.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on KEYS shares. Barclays boosted their price target on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Susquehanna decreased their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Bank of America raised their target price on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $167.67.

Keysight Technologies Profile

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.