Parr Mcknight Wealth Management Group LLC Makes New Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,974 shares of the scientific and technical instruments company's stock, valued at approximately $1,120,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Keysight Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company's stock worth $3,352,932,000 after acquiring an additional 55,223 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 worth $2,588,546,000 after acquiring an additional 3,621,349 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Keysight Technologies by 364.6% in the fourth 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Keysight Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock worth $708,349,000 after acquiring an additional 17,213 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Keysight Technologies by 21.7% in the fourth quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock worth $637,125,000 after acquiring an additional 704,920 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on KEYS shares. JPMorgan Chase & Co. boosted their price target on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Wells Fargo & Company boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Robert W. Baird boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Bank of America boosted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $183.00.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded down $3.77 during trading on Wednesday, hitting $158.49. 1,314,200 shares of the company traded hands, compared to its average volume of 1,136,824. The stock has a market capitalization of $27.39 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 2.41 and a beta of 1.10. The business's fifty day moving average is $147.76 and its 200-day moving average is $159.68. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

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, beating the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,589 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company's stock, valued at $6,829,920. This represents a 3.63% decrease in their position. The sale 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 company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the sale, the chief financial officer now owns 115,063 shares of the company's stock, valued at $17,834,765. This trade represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.