Concurrent Investment Advisors LLC Boosts Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Concurrent Investment Advisors LLC lifted its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 26.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,700 shares of the scientific and technical instruments company's stock after purchasing an additional 2,260 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Keysight Technologies were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Central Pacific Bank Trust Division grew its holdings in Keysight Technologies by 97.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Private Trust Co. NA grew its holdings in Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock worth $39,000 after acquiring an additional 75 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in Keysight Technologies by 241.8% during the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock worth $44,000 after acquiring an additional 191 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in Keysight Technologies during the 1st quarter worth approximately $51,000. Finally, Quarry LP grew its holdings in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after acquiring an additional 284 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

KEYS has been the topic of a number of research reports. Wall Street Zen lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. upped their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Morgan Stanley upped their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Bank of America boosted their target price on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and an average price target of $183.00.

Keysight Technologies Stock Up 0.6%

Shares of Keysight Technologies stock traded up $1.05 during trading hours on Tuesday, reaching $163.50. The company's stock had a trading volume of 1,048,032 shares, compared to its average volume of 1,101,784. Keysight Technologies Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a market capitalization of $28.14 billion, a P/E ratio of 38.38, a P/E/G ratio of 2.28 and a beta of 1.09. The stock's fifty day simple moving average is $159.34 and its two-hundred day simple moving average is $158.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. On average, research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP John Page sold 7,368 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $1,162,523.04. Following the completion of the sale, the senior vice president owned 36,986 shares in the company, valued at $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the sale, the senior vice president owned 108,590 shares of the company's stock, valued at approximately $17,262,552.30. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,830 shares of company stock valued at $5,124,049 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

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.