Financial Advisors Network Inc. Buys Shares of 1,502 Keysight Technologies, Inc. (NYSE:KEYS)

Financial Advisors Network Inc. purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,502 shares of the scientific and technical instruments company’s stock, valued at approximately $239,000.

Several other large investors have also made changes to their positions in the business. Trust Investment Advisors grew its position in Keysight Technologies by 1.8% during the 4th quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock worth $664,000 after acquiring an additional 75 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Keysight Technologies by 31.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 82 shares during the period. Summit Financial LLC grew its holdings in shares of Keysight Technologies by 3.3% in the 4th quarter. Summit Financial LLC now owns 2,756 shares of the scientific and technical instruments company’s stock valued at $438,000 after acquiring an additional 87 shares in the last quarter. Guinness Asset Management LTD grew its holdings in Keysight Technologies by 2.8% during the third quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock worth $422,000 after purchasing an additional 88 shares during the period. Finally, Princeton Capital Management LLC grew its holdings in Keysight Technologies by 1.6% during the third quarter. Princeton Capital Management LLC now owns 6,488 shares of the scientific and technical instruments company’s stock worth $858,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Down 1.2 %

Shares of NYSE KEYS traded down $1.70 during midday trading on Thursday, hitting $145.78. The stock had a trading volume of 261,048 shares, compared to its average volume of 1,209,251. The business’s 50 day moving average is $151.97 and its 200-day moving average is $150.09. The company has a market cap of $25.45 billion, a P/E ratio of 32.13, a PEG ratio of 6.63 and a beta of 1.06. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The company has a quick ratio of 1.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.24.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday. Susquehanna lowered their price target on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company in a report on Tuesday. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Citigroup upped their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Robert W. Baird upped their price target on shares of Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.33.

Insider Transactions at Keysight Technologies

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

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.