Retirement Planning Co of New England Inc. Takes $261,000 Position in Keysight Technologies Inc. (NYSE:KEYS)

Retirement Planning Co of New England Inc. purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,740 shares of the scientific and technical instruments company's stock, valued at approximately $261,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in shares of Keysight Technologies by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 13,385 shares of the scientific and technical instruments company's stock valued at $2,150,000 after purchasing an additional 165 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Keysight Technologies by 5.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,722 shares of the scientific and technical instruments company's stock worth $919,000 after acquiring an additional 272 shares during the period. Commonwealth Equity Services LLC lifted its position in Keysight Technologies by 10.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,100 shares of the scientific and technical instruments company's stock valued at $3,711,000 after purchasing an additional 2,114 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Keysight Technologies by 2.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,906 shares of the scientific and technical instruments company's stock valued at $1,591,000 after purchasing an additional 277 shares during the period. Finally, Cibc World Markets Corp grew its position in Keysight Technologies by 15.5% in the 4th quarter. Cibc World Markets Corp now owns 27,378 shares of the scientific and technical instruments company's stock worth $4,398,000 after purchasing an additional 3,676 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Trading Down 0.4%

Shares of NYSE:KEYS traded down $0.64 during mid-day trading on Friday, hitting $162.42. The stock had a trading volume of 703,764 shares, compared to its average volume of 1,090,988. The company's 50 day moving average is $162.01 and its 200-day moving average is $158.83. 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 has a market cap of $27.95 billion, a PE ratio of 38.13, a P/E/G ratio of 2.21 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results 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. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company earned $1.41 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KEYS. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley increased their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Bank of America lifted their price target on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $185.56.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 108,590 shares of the company's stock, valued at $17,262,552.30. This represents a 8.43% 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, CEO Satish Dhanasekaran sold 658 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 115,576 shares of the company's stock, valued at approximately $18,235,581.28. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,830 shares of company stock valued at $5,124,049. Insiders own 0.61% of the company's stock.

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.