Strategic Wealth Investment Group LLC Reduces Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Strategic Wealth Investment Group LLC lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 50.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,833 shares of the scientific and technical instruments company’s stock after selling 1,841 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Keysight Technologies were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in KEYS. Meeder Asset Management Inc. purchased a new stake in shares of Keysight Technologies in the second quarter worth $27,000. Family Firm Inc. purchased a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $30,000. Larson Financial Group LLC bought a new stake in shares of Keysight Technologies during the 1st quarter valued at about $31,000. American National Bank & Trust purchased a new position in shares of Keysight Technologies during the third quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Keysight Technologies by 262.9% in the second 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 last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated 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 directly owns 42,160 shares of the company’s stock, valued at $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KEYS. Susquehanna dropped their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Bank of America lifted their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. 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 research note on Monday, August 26th. Robert W. Baird dropped their price target 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. Finally, Vertical Research started coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective on the stock. One 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, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $167.67.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $155.74 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies, Inc. has a fifty-two week low of $118.63 and a fifty-two week high of $162.51. The company has a market capitalization of $27.18 billion, a P/E ratio of 33.93, a PEG ratio of 5.19 and a beta of 0.97. The stock has a 50 day moving average price of $153.60 and a two-hundred day moving average price of $145.10.

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

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.