IFG Advisory LLC Purchases 4,593 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• IFG Advisory LLC increased its stake in Keysight Technologies by 20.4%, holding a total of 27,113 shares valued at approximately $4.06 million after acquiring an additional 4,593 shares in the first quarter.
• Analysts have recently upgraded Keysight Technologies, with notable increases in price targets from Bank of America ($175) and JPMorgan Chase ($200), indicating a general consensus rating of "Moderate Buy."
• Keysight Technologies' stock saw a 3.2% decrease in value and currently trades at $158.63, with a market cap of $27.30 billion and a PE ratio of 37.24.

IFG Advisory LLC grew its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 20.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,113 shares of the scientific and technical instruments company's stock after purchasing an additional 4,593 shares during the quarter. IFG Advisory LLC's holdings in Keysight Technologies were worth $4,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $2,588,546,000 after buying an additional 3,621,349 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Keysight Technologies by 364.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after acquiring an additional 3,650,953 shares during the period. Capital World Investors increased its stake in shares of Keysight Technologies by 15.6% in the 4th quarter. Capital World Investors now owns 3,790,432 shares of the scientific and technical instruments company's stock valued at $608,857,000 after acquiring an additional 511,724 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Keysight Technologies by 9.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,593,611 shares of the scientific and technical instruments company's stock valued at $416,612,000 after purchasing an additional 214,015 shares during the period. Finally, Invesco Ltd. boosted its position in Keysight Technologies by 2.1% in the fourth quarter. Invesco Ltd. now owns 2,220,050 shares of the scientific and technical instruments company's stock worth $356,607,000 after purchasing an additional 45,867 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KEYS shares. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and increased their target price for the company from $170.00 to $175.00 in a report on Monday, July 21st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $187.50.

Insider Buying and Selling

In other news, SVP John Page sold 7,368 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the completion of the transaction, the senior vice president owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the sale, the director directly owned 42,160 shares in the company, valued at $6,829,920. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,830 shares of company stock worth $5,124,049. Company insiders own 0.61% of the company's stock.

Keysight Technologies Trading Up 1.9%

Shares of KEYS traded up $2.97 during trading hours on Monday, hitting $161.65. The stock had a trading volume of 1,028,588 shares, compared to its average volume of 776,454. The firm has a market cap of $27.82 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.13 and a beta of 1.11. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The company's fifty day simple moving average is $162.44 and its 200 day simple moving average is $158.86.

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

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.