B. Riley Wealth Advisors Inc. Sells 898 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 29.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,120 shares of the scientific and technical instruments company’s stock after selling 898 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Keysight Technologies were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KEYS. Rise Advisors LLC purchased a new stake in Keysight Technologies during the first quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies during the 2nd quarter valued at about $27,000. Larson Financial Group LLC bought a new position in Keysight Technologies during the 1st quarter worth approximately $31,000. Family Firm Inc. purchased a new position in Keysight Technologies in the 2nd quarter worth approximately $30,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KEYS. Susquehanna cut their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Vertical Research initiated 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. Bank of America upped their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the sale, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Keysight Technologies Stock Performance

Keysight Technologies stock opened at $155.58 on Wednesday. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 5.11 and a beta of 0.97. The stock’s 50 day simple moving average is $145.54 and its two-hundred day simple moving average is $145.02. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 EPS. As a group, analysts expect that Keysight Technologies, Inc. will post 5.38 earnings per share for the current fiscal year.

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.