5,152 Shares in Keysight Technologies Inc. $KEYS Purchased by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC acquired 5,152 Keysight Technologies shares worth approximately $1.8 million, while other institutional investors also increased their positions. Institutions and hedge funds collectively own 84.58% of the stock.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $371.92, despite some analysts maintaining hold ratings or downgrading the shares.
• Keysight recently exceeded quarterly earnings expectations, reporting $2.87 in EPS versus a $2.32 consensus estimate and $1.72 billion in revenue, up 31.5% year over year. Shares opened at $359.87, near their 12-month high of $374.96.

Global Retirement Partners LLC acquired a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,152 shares of the scientific and technical instruments company's stock, valued at approximately $1,804,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Keysight Technologies by 92.6% during the 1st quarter. AQR Capital Management LLC now owns 27,216 shares of the scientific and technical instruments company's stock valued at $3,965,000 after acquiring an additional 13,085 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Keysight Technologies by 5.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company's stock valued at $387,000 after buying an additional 122 shares during the last quarter. Empowered Funds LLC grew its holdings in Keysight Technologies by 30.0% during the 1st quarter. Empowered Funds LLC now owns 10,652 shares of the scientific and technical instruments company's stock worth $1,595,000 after acquiring an additional 2,461 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Keysight Technologies by 66.5% in the first quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company's stock worth $59,000 after purchasing an additional 157 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $254,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KEYS has been the topic of several research reports. Truist Financial upped their price target on Keysight Technologies from $310.00 to $376.00 and gave the company a "hold" rating in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Keysight Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Morgan Stanley boosted their target price 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. The Goldman Sachs Group reissued a "buy" rating on shares of Keysight Technologies in a report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Keysight Technologies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $371.92.

Insider Buying and Selling

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

Keysight Technologies Trading Up 0.6%

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

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

Keysight Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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