Spire Wealth Management Increases Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Spire Wealth Management increased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,839 shares of the scientific and technical instruments company's stock after acquiring an additional 5,622 shares during the period. Spire Wealth Management's holdings in Keysight Technologies were worth $5,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC acquired a new stake in shares of Keysight Technologies during the third quarter worth $25,000. OFI Invest Asset Management bought a new position in Keysight Technologies in the third quarter valued at $26,000. Venturi Wealth Management LLC grew its position in Keysight Technologies by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company's stock valued at $43,000 after purchasing an additional 159 shares in the last quarter. BluePath Capital Management LLC bought a new position in Keysight Technologies in the third quarter valued at $44,000. Finally, Itau Unibanco Holding S.A. grew its position in Keysight Technologies by 31.5% in the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company's stock valued at $45,000 after purchasing an additional 82 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded up $1.35 during midday trading on Monday, hitting $150.53. The stock had a trading volume of 728,450 shares, compared to its average volume of 1,202,805. The company's 50-day moving average price is $152.56 and its 200-day moving average price is $147.70. The company has a market capitalization of $26.28 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 6.76 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72.

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

Wall Street Analyst Weigh In

KEYS has been the subject of a number of analyst reports. Barclays raised their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 21st. Citigroup lifted their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies has an average rating of "Hold" and a consensus price target of $160.63.

Insider Buying and Selling

In related news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares of the company's stock, valued at $4,457,369.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by insiders.

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.