True Link Financial Advisors LLC Makes New Investment in Keysight Technologies Inc. (NYSE:KEYS)

True Link Financial Advisors LLC bought a new position in Keysight Technologies Inc. (NYSE:KEYS) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 2,343 shares of the scientific and technical instruments company’s stock, valued at approximately $351,000.

A number of other large investors have also recently modified their holdings of the stock. Central Pacific Bank Trust Division lifted its stake in shares of Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after acquiring an additional 133 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Keysight Technologies by 241.8% in the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 191 shares in the last quarter. Quarry LP boosted its stake in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock valued at $70,000 after purchasing an additional 284 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Keysight Technologies during the 1st quarter valued at $73,000. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

NYSE:KEYS opened at $159.95 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The company has a 50 day moving average price of $153.28 and a 200-day moving average price of $159.33. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The firm has a market cap of $27.53 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. Keysight Technologies’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 earnings per share. Equities research analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Transactions at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 658 shares of the stock in a transaction dated Friday, May 30th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 13,247 shares of company stock worth $2,086,720 in the last quarter. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Wells Fargo & Company increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Robert W. Baird raised their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and a consensus target price of $183.00.

About Keysight Technologies

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.