Keysight Technologies, Inc. (NYSE:KEYS) Holdings Boosted by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. raised its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,338 shares of the scientific and technical instruments company’s stock after purchasing an additional 638 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Keysight Technologies were worth $2,120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of KEYS. Rise Advisors LLC acquired a new stake in shares of Keysight Technologies during the first quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of Keysight Technologies in the second quarter worth $27,000. Family Firm Inc. acquired a new stake in Keysight Technologies during the second quarter valued at $30,000. Larson Financial Group LLC purchased a new position in Keysight Technologies in the first quarter valued at about $31,000. Finally, American National Bank & Trust acquired a new position in Keysight Technologies in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $159.95 on Friday. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51. The business’s 50 day simple moving average is $150.66 and its 200 day simple moving average is $145.29. The stock has a market capitalization of $27.92 billion, a PE ratio of 34.85, a PEG ratio of 5.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, research analysts forecast that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction that occurred on 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 directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KEYS shares. Robert W. Baird decreased their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Bank of America boosted their target price on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. One equities research 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. According to MarketBeat, Keysight Technologies currently has a consensus 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.