Gilliland Jeter Wealth Management LLC Acquires New Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Gilliland Jeter Wealth Management LLC acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,647 shares of the scientific and technical instruments company's stock, valued at approximately $1,535,000.

Several other hedge funds also recently added to or reduced their stakes in KEYS. Jennison Associates LLC purchased a new position in Keysight Technologies in the fourth quarter valued at about $395,789,000. Van ECK Associates Corp raised its position in Keysight Technologies by 1,588.0% in the third quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company's stock valued at $153,406,000 after purchasing an additional 1,090,763 shares during the period. EP Wealth Advisors LLC raised its position in Keysight Technologies by 14,134.3% in the third quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company's stock valued at $41,641,000 after purchasing an additional 312,509 shares during the period. Findlay Park Partners LLP grew its stake in shares of Keysight Technologies by 35.8% during the third quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company's stock valued at $149,123,000 after acquiring an additional 297,147 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Keysight Technologies by 16.6% during the third quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company's stock valued at $229,203,000 after acquiring an additional 247,250 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Up 0.8 %

NYSE:KEYS traded up $1.12 during mid-day trading on Friday, reaching $148.55. The stock had a trading volume of 893,758 shares, compared to its average volume of 1,148,857. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 6.73 and a beta of 1.05. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72. The stock's 50 day simple moving average is $152.86 and its two-hundred day simple moving average is $146.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the firm earned $1.72 earnings per share. Equities analysts anticipate that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on KEYS shares. Barclays raised their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. downgraded Keysight Technologies from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. Finally, Citigroup raised their target price on Keysight Technologies from $157.00 to $168.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $160.63.

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.