Archford Capital Strategies LLC grew its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 119.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,070 shares of the scientific and technical instruments company's stock after buying an additional 3,306 shares during the quarter. Archford Capital Strategies LLC's holdings in Keysight Technologies were worth $909,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Keysight Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company's stock worth $3,352,932,000 after acquiring an additional 55,223 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Keysight Technologies by 29.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock worth $2,588,546,000 after acquiring an additional 3,621,349 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after purchasing an additional 3,650,953 shares during the period. Geode Capital Management LLC grew its position in shares of Keysight Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock valued at $708,349,000 after purchasing an additional 17,213 shares during the period. Finally, Boston Partners grew its position in shares of Keysight Technologies by 21.7% in the fourth quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock valued at $637,125,000 after purchasing an additional 704,920 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Stock Down 0.4%
KEYS traded down $0.68 on Friday, reaching $164.26. The company's stock had a trading volume of 1,119,031 shares, compared to its average volume of 1,103,263. The stock has a market cap of $28.27 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The business's 50 day moving average is $156.60 and its 200 day moving average is $158.94.
Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. Keysight Technologies's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 earnings per share. As a group, research analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on KEYS shares. Morgan Stanley lifted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Bank of America boosted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, Keysight Technologies has an average rating of "Moderate Buy" and a consensus target price of $183.00.
Get Our Latest Report on Keysight Technologies
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, Director Richard P. Hamada sold 1,589 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the sale, the director now owns 42,160 shares in the company, valued at $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satish Dhanasekaran sold 658 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the sale, the chief executive officer now owns 115,576 shares in the company, valued at $18,235,581.28. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,615 shares of company stock worth $3,113,460 over the last quarter. 0.61% of the stock is owned by corporate insiders.
Keysight Technologies Profile
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Free Report)
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.
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