4,414 Shares in Keysight Technologies Inc. $KEYS Acquired by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management acquired 4,414 Keysight Technologies shares in the second quarter, valued at approximately $1.55 million. Institutional investors collectively own 84.58% of the company.
• Keysight reported quarterly EPS of $2.87, beating estimates of $2.32, while revenue rose 31.5% year over year to $1.72 billion. Shares opened at $359.87, near their 12-month high of $374.96.
• Analysts maintain a “Moderate Buy” consensus rating, with a $371.92 average price target and several firms recently raising their targets. Insiders, meanwhile, sold 5,507 shares worth about $1.9 million over the past 90 days.

Texas Capital Bank Wealth Management Services Inc bought a new stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,414 shares of the scientific and technical instruments company's stock, valued at approximately $1,545,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Keysight Technologies during the second quarter worth $7,030,806,000. Norges Bank acquired a new stake in shares of Keysight Technologies in the fourth quarter valued at $435,542,000. Focus Partners Wealth raised its holdings in shares of Keysight Technologies by 3,941.3% in the 4th quarter. Focus Partners Wealth now owns 1,406,286 shares of the scientific and technical instruments company's stock valued at $285,743,000 after buying an additional 1,371,488 shares during the period. Woodline Partners LP purchased a new stake in shares of Keysight Technologies in the 3rd quarter valued at $208,891,000. Finally, M&T Bank Corp lifted its stake in Keysight Technologies by 9,349.0% during the 4th quarter. M&T Bank Corp now owns 1,048,176 shares of the scientific and technical instruments company's stock worth $212,979,000 after acquiring an additional 1,037,083 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Keysight Technologies Stock Up 0.6%

Shares of NYSE KEYS opened at $359.87 on Tuesday. The stock has a market cap of $61.50 billion, a P/E ratio of 59.19, a PEG ratio of 2.04 and a beta of 1.22. The business's fifty day simple moving average is $333.92 and its 200-day simple moving average is $313.09. Keysight Technologies Inc. has a 12-month low of $152.85 and a 12-month high of $374.96. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.32 by $0.55. Keysight Technologies had a return on equity of 21.58% and a net margin of 17.25%.The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the firm posted $1.70 EPS. Keysight Technologies's revenue for the quarter was up 31.5% on a year-over-year basis. As a group, equities analysts predict that Keysight Technologies Inc. will post 9.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KEYS shares. UBS Group raised their target price on Keysight Technologies from $340.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Barclays increased their price target on shares of Keysight Technologies from $320.00 to $387.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 20th. Morgan Stanley raised their price objective on shares of Keysight Technologies from $305.00 to $350.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 20th. Finally, Susquehanna lifted their price objective on shares of Keysight Technologies from $415.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $371.92.

Insider Buying and Selling

In related news, Director James Cullen sold 3,000 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the completion of the transaction, the director owned 21,821 shares in the company, valued at $7,562,722.18. The trade was a 12.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satish Dhanasekaran sold 507 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer owned 121,391 shares of the company's stock, valued at $43,860,996.12. This trade represents a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,507 shares of company stock worth $1,904,669 over the last 90 days. 0.40% of the stock is owned by insiders.

Keysight Technologies Company Profile

Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.

Keysight's product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.

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