TRUE Private Wealth Advisors Invests $218,000 in Keysight Technologies, Inc. (NYSE:KEYS)

TRUE Private Wealth Advisors bought a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,388 shares of the scientific and technical instruments company’s stock, valued at approximately $218,000.

Other large investors have also modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of Keysight Technologies by 134.2% during the third quarter. Private Trust Co. NA now owns 185 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 106 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Keysight Technologies in the second quarter valued at about $26,000. Pinnacle Financial Partners Inc. purchased a new stake in shares of Keysight Technologies in the third quarter valued at about $39,000. Geneos Wealth Management Inc. grew its holdings in shares of Keysight Technologies by 37.1% in the second quarter. Geneos Wealth Management Inc. now owns 277 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 75 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Keysight Technologies in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on KEYS shares. Barclays raised shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $175.00 to $202.00 in a research report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Keysight Technologies from $193.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, November 18th. StockNews.com started coverage on shares of Keysight Technologies in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Susquehanna decreased their target price on shares of Keysight Technologies from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Friday, November 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, October 10th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.58.

Insider Activity at Keysight Technologies

In related news, VP John C. Skinner sold 3,625 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $176.06, for a total value of $638,217.50. Following the sale, the vice president now owns 17,005 shares of the company’s stock, valued at $2,993,900.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP John C. Skinner sold 3,625 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $176.06, for a total value of $638,217.50. Following the sale, the vice president now owns 17,005 shares of the company’s stock, valued at $2,993,900.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 4,386 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $173.45, for a total transaction of $760,751.70. Following the completion of the transaction, the chief executive officer now owns 92,646 shares in the company, valued at $16,069,448.70. The disclosure for this sale can be found here. Insiders have sold a total of 38,639 shares of company stock valued at $6,680,634 over the last 90 days. 0.55% of the stock is owned by corporate insiders.

Keysight Technologies Stock Down 0.2 %

Shares of KEYS opened at $180.21 on Wednesday. The company’s 50-day simple moving average is $175.72 and its 200-day simple moving average is $167.65. The stock has a market capitalization of $32.22 billion, a PE ratio of 29.16, a P/E/G ratio of 2.86 and a beta of 1.06. Keysight Technologies, Inc. has a 1 year low of $127.93 and a 1 year high of $189.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.40 and a current ratio of 3.01.

Keysight Technologies (NYSE:KEYS – Get Rating) last issued its earnings results on Thursday, November 17th. The scientific and technical instruments company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Keysight Technologies had a net margin of 20.74% and a return on equity of 32.51%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 earnings per share. Analysts forecast that Keysight Technologies, Inc. will post 7.6 earnings per share for the current fiscal year.

Keysight Technologies Profile

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.