Cypress Asset Management Inc. TX Makes New $252,000 Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Cypress Asset Management Inc. TX bought a new stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,568 shares of the scientific and technical instruments company's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Venturi Wealth Management LLC increased its holdings in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock valued at $43,000 after purchasing an additional 133 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of 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 purchasing an additional 191 shares in the last quarter. Quarry LP raised its holdings in shares of Keysight Technologies by 188.1% in the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after buying an additional 284 shares in the last quarter. Huntington National Bank grew its stake in Keysight Technologies by 37.4% during the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company's stock worth $127,000 after buying an additional 216 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Keysight Technologies by 45.0% in the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company's stock valued at $134,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,589 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. This represents a 3.06% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Bank of America increased their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. Morgan Stanley boosted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Keysight Technologies Stock Down 1.4%

Shares of KEYS traded down $2.27 during trading hours on Friday, reaching $156.39. The stock had a trading volume of 307,628 shares, compared to its average volume of 1,132,363. The company has a market capitalization of $27.03 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 2.41 and a beta of 1.10. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $147.83 and a 200 day simple moving average of $159.63. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. Keysight Technologies's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Equities research analysts predict that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal 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.