Waverly Advisors LLC Purchases New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Waverly Advisors LLC acquired a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,838 shares of the scientific and technical instruments company's stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Keysight Technologies by 0.3% during the 4th 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 buying an additional 55,223 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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 purchasing an additional 3,621,349 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Keysight Technologies by 0.4% during the 4th 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 purchasing an additional 17,213 shares during the last quarter. Finally, Boston Partners boosted its position in Keysight Technologies by 21.7% during 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 during the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Keysight Technologies Stock Down 2.3%

Shares of KEYS traded down $3.77 during trading hours on Wednesday, reaching $158.49. The company's stock had a trading volume of 1,314,347 shares, compared to its average volume of 1,136,829. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-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. The firm has a market cap of $27.39 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 2.41 and a beta of 1.10. The company has a 50 day moving average of $147.76 and a two-hundred day moving average of $159.68.

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 the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The company'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 firm posted $1.41 earnings per share. As a group, research analysts predict that Keysight Technologies, Inc. will post 6.32 EPS for the current fiscal year.

Insider Activity

In related news, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 115,063 shares of the company's stock, valued at $17,834,765. The trade was a 3.06% decrease in their position. The sale 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 dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,829,920. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of research analyst reports. Morgan Stanley upped 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. JPMorgan Chase & Co. upped their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Wells Fargo & Company boosted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird raised their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.