Cromwell Holdings LLC Boosts Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Cromwell Holdings LLC raised its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 15.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 548 shares of the scientific and technical instruments company’s stock after buying an additional 75 shares during the period. Cromwell Holdings LLC’s holdings in Keysight Technologies were worth $87,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. American National Bank & Trust acquired a new position in Keysight Technologies in the third quarter valued at approximately $31,000. Meeder Asset Management Inc. purchased a new position in Keysight Technologies in the second quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in shares of Keysight Technologies during the 1st quarter worth about $31,000. Family Firm Inc. purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at about $30,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $155.98 on Friday. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year 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. The company’s 50 day simple moving average is $153.25 and its 200-day simple moving average is $145.32. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 5.19 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the business posted $2.04 earnings per share. As a group, equities research analysts expect that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KEYS. Vertical Research initiated coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Robert W. Baird cut their price objective 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. Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. Susquehanna lowered their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Insiders Place Their Bets

In related news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.