BlackDiamond Wealth Management LLC Purchases 379 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

BlackDiamond Wealth Management LLC raised its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,466 shares of the scientific and technical instruments company’s stock after purchasing an additional 379 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Keysight Technologies were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Financial Advisors Network Inc. bought a new stake in Keysight Technologies during the fourth quarter valued at $239,000. Central Valley Advisors LLC bought a new stake in Keysight Technologies during the fourth quarter valued at $1,234,000. Renaissance Group LLC boosted its stake in Keysight Technologies by 13.7% during the fourth quarter. Renaissance Group LLC now owns 189,702 shares of the scientific and technical instruments company’s stock valued at $30,178,000 after buying an additional 22,893 shares during the period. Corient Private Wealth LLC boosted its stake in Keysight Technologies by 128.6% during the fourth quarter. Corient Private Wealth LLC now owns 475,998 shares of the scientific and technical instruments company’s stock valued at $75,710,000 after buying an additional 267,804 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Keysight Technologies by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 371,750 shares of the scientific and technical instruments company’s stock valued at $59,142,000 after buying an additional 81,810 shares during the period. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Trading Down 1.6 %

Keysight Technologies stock traded down $2.35 during trading hours on Thursday, reaching $145.13. The company had a trading volume of 512,616 shares, compared to its average volume of 1,211,885. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.44. The company has a 50-day moving average price of $151.97 and a 200 day moving average price of $150.09. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 6.63 and a beta of 1.06. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $1.72 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. Equities analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Insider Activity

In other news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

KEYS has been the subject of several research analyst reports. Barclays lifted their price objective on Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday. Citigroup lifted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. downgraded Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. Susquehanna lowered their price target on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird raised their price target on Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.33.

Keysight Technologies Company 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.