HB Wealth Management LLC Purchases 744 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

HB Wealth Management LLC grew its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 37.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,712 shares of the scientific and technical instruments company’s stock after acquiring an additional 744 shares during the period. HB Wealth Management LLC’s holdings in Keysight Technologies were worth $424,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KEYS. Jennison Associates LLC bought a new position in Keysight Technologies during the fourth quarter valued at approximately $395,789,000. Van ECK Associates Corp boosted its holdings in Keysight Technologies by 105.5% during the 4th quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after acquiring an additional 1,223,694 shares during the period. Norges Bank bought a new position in Keysight Technologies during the 4th quarter worth approximately $303,444,000. AMF Tjanstepension AB increased its stake in Keysight Technologies by 96.0% in the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after purchasing an additional 828,913 shares during the period. Finally, Morgan Stanley lifted its position in Keysight Technologies by 3.7% in the third quarter. Morgan Stanley now owns 1,688,735 shares of the scientific and technical instruments company’s stock valued at $223,437,000 after purchasing an additional 60,158 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Up 1.0 %

KEYS stock traded up $1.41 during midday trading on Friday, hitting $136.74. The stock had a trading volume of 435,636 shares, compared to its average volume of 1,205,191. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.48. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 4.67 and a beta of 0.95. The business has a 50-day moving average of $142.56 and a two-hundred day moving average of $150.16. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. As a group, equities research analysts forecast that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Kevin A. Stephens bought 460 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the purchase, the director now owns 7,681 shares in the company, valued at approximately $1,101,071.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Lisa M. Poole sold 440 shares of Keysight Technologies stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the sale, the vice president now directly owns 3,913 shares in the company, valued at approximately $533,928.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin A. Stephens bought 460 shares of the stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the purchase, the director now directly owns 7,681 shares in the company, valued at approximately $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KEYS has been the topic of several analyst reports. Barclays lifted their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. Susquehanna decreased their price objective on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research report on Tuesday, May 21st. Finally, Robert W. Baird increased their target price on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.