Drive Wealth Management LLC Takes $720,000 Position in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Drive Wealth Management LLC has acquired a new stake in Keysight Technologies Inc., purchasing 4,809 shares valued at approximately $720,000 in the first quarter.
• Analysts have shown increased confidence in the stock, with Bank of America, Morgan Stanley, and JPMorgan Chase all raising their price targets for Keysight Technologies.
• Keysight Technologies reported a quarterly earnings per share of $1.70, beating estimates and showing a year-over-year revenue growth of 7.4%.

Drive Wealth Management LLC purchased a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,809 shares of the scientific and technical instruments company's stock, valued at approximately $720,000.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its position in shares of 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 valued at $39,000 after buying an additional 75 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Keysight Technologies by 9.1% during the 1st quarter. Principal Securities Inc. now owns 910 shares of the scientific and technical instruments company's stock valued at $146,000 after buying an additional 76 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Keysight Technologies by 14.2% during the 1st quarter. Pinnacle Bancorp Inc. now owns 669 shares of the scientific and technical instruments company's stock valued at $100,000 after buying an additional 83 shares in the last quarter. Integrated Advisors Network LLC lifted its holdings in Keysight Technologies by 4.8% in the 1st quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company's stock worth $277,000 after purchasing an additional 85 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in Keysight Technologies by 97.8% in 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 purchasing an additional 90 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on KEYS shares. Bank of America raised Keysight Technologies from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $170.00 to $175.00 in a report on Monday. Morgan Stanley boosted their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price target on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $187.50.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $165.77 on Friday. The company has a market cap of $28.53 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.28 and a beta of 1.09. 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 stock's 50 day simple moving average is $162.11 and its two-hundred day simple moving average is $158.92. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.32 billion for 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%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. As a group, equities analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 115,576 shares of the company's stock, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president directly owned 108,590 shares in the company, valued at $17,262,552.30. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,830 shares of company stock worth $5,124,049. Company insiders own 0.61% of the company's stock.

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.

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