True Link Financial Advisors LLC Takes Position in Keysight Technologies Inc. (NYSE:KEYS)

True Link Financial Advisors LLC purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,343 shares of the scientific and technical instruments company's stock, valued at approximately $351,000.

A number of other large investors also recently modified their holdings of KEYS. Principal Securities Inc. grew its stake in shares of Keysight Technologies by 45.0% in the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company's stock valued at $134,000 after buying an additional 259 shares in the last quarter. Allworth Financial LP lifted its stake in Keysight Technologies by 11.3% in the fourth quarter. Allworth Financial LP now owns 2,221 shares of the scientific and technical instruments company's stock valued at $384,000 after acquiring an additional 225 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Keysight Technologies by 13.4% in the 4th quarter. Sanctuary Advisors LLC now owns 12,529 shares of the scientific and technical instruments company's stock valued at $2,137,000 after acquiring an additional 1,477 shares during the period. Truist Financial Corp raised its holdings in shares of Keysight Technologies by 8.7% in the 4th quarter. Truist Financial Corp now owns 17,451 shares of the scientific and technical instruments company's stock valued at $2,803,000 after purchasing an additional 1,401 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Keysight Technologies by 100.8% during the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock worth $43,000 after purchasing an additional 133 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of NYSE KEYS traded down $0.78 during midday trading on Friday, reaching $159.36. The company's stock had a trading volume of 1,955,786 shares, compared to its average volume of 1,120,134. 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 $27.43 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.18 and a beta of 1.09. The business's 50 day moving average price is $153.28 and its two-hundred day moving average price is $159.33. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates 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 was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. On average, analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP John Page sold 7,368 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 36,986 shares of the company's stock, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the transaction, the chief executive officer now owns 115,576 shares of the company's stock, valued at approximately $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,247 shares of company stock valued at $2,086,720 over the last quarter. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

KEYS has been the subject of a number of recent analyst reports. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Morgan Stanley increased their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Bank of America upped their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. Finally, Robert W. Baird increased their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

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.