Private Advisor Group LLC Sells 1,453 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Private Advisor Group LLC reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 24.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,430 shares of the scientific and technical instruments company’s stock after selling 1,453 shares during the quarter. Private Advisor Group LLC’s holdings in Keysight Technologies were worth $606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brown Shipley& Co Ltd lifted its holdings in shares of Keysight Technologies by 1.0% in the 4th quarter. Brown Shipley& Co Ltd now owns 6,452 shares of the scientific and technical instruments company’s stock worth $1,026,000 after acquiring an additional 67 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Keysight Technologies by 0.9% in the first quarter. Park Avenue Securities LLC now owns 7,830 shares of the scientific and technical instruments company’s stock worth $1,224,000 after purchasing an additional 71 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in shares of Keysight Technologies by 0.6% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company’s stock valued at $1,737,000 after buying an additional 73 shares during the period. Wedmont Private Capital grew its stake in shares of Keysight Technologies by 2.8% during the second quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock valued at $391,000 after buying an additional 74 shares during the last quarter. Finally, Diversified LLC raised its holdings in shares of Keysight Technologies by 3.6% in the second quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock worth $309,000 after buying an additional 78 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies 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 completion of 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 SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $150.49 on Wednesday. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The business’s fifty day simple moving average is $140.77 and its 200-day simple moving average is $144.87. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The company has a market cap of $26.27 billion, a PE ratio of 32.57, a PEG ratio of 5.03 and a beta of 0.97.

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

Analysts Set New Price Targets

Several brokerages have commented on KEYS. Barclays upped their price objective on Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird decreased their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.