Keysight Technologies Inc. (NYSE:KEYS) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Keysight Technologies Inc. by 5.6%, owning a total of 53,432 shares valued at approximately $8 million as of the latest SEC filing.
• Keysight Technologies reported a 7.4% year-over-year revenue increase, achieving $1.32 billion in revenue and earnings of $1.70 per share, exceeding analysts' expectations.
• Wall Street analysts have raised their price targets for Keysight Technologies, with an average target price of $187.50 and a consensus rating of "Moderate Buy."

LPL Financial LLC grew its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,432 shares of the scientific and technical instruments company's stock after purchasing an additional 2,836 shares during the quarter. LPL Financial LLC's holdings in Keysight Technologies were worth $8,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Praxis Investment Management Inc. grew its position in shares of Keysight Technologies by 45.8% in the 1st quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock valued at $954,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Keysight Technologies by 142.8% in the 1st quarter. GAMMA Investing LLC now owns 5,012 shares of the scientific and technical instruments company's stock valued at $751,000 after buying an additional 2,948 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Keysight Technologies by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock valued at $7,828,000 after buying an additional 1,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Keysight Technologies by 19.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,730 shares of the scientific and technical instruments company's stock valued at $1,906,000 after buying an additional 2,106 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Keysight Technologies by 18.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,752 shares of the scientific and technical instruments company's stock valued at $262,000 after buying an additional 279 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on KEYS. Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $170.00 to $175.00 in a research report on Monday, July 21st. Morgan Stanley raised 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, JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of "Moderate Buy" and an average price target of $187.50.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 10,000 shares of the business's stock in a transaction that occurred on 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 directly owned 108,590 shares in the company, valued at $17,262,552.30. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Hamada sold 1,589 shares of the business'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 owned 42,160 shares of the company's stock, valued at approximately $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 over the last quarter. Company insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

KEYS traded down $5.83 during midday trading on Thursday, reaching $164.39. 423,919 shares of the company's stock were exchanged, compared to its average volume of 969,867. The business's 50-day moving average price is $163.06 and its 200 day moving average price is $158.68. 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 has a market capitalization of $28.29 billion, a PE ratio of 38.58, a P/E/G ratio of 2.36 and a beta of 1.11. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 earnings per share. As a group, equities analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS 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.