Stratos Wealth Partners LTD. reduced its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 46.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,529 shares of the scientific and technical instruments company’s stock after selling 2,207 shares during the period. Stratos Wealth Partners LTD.’s holdings in Keysight Technologies were worth $414,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. Private Trust Co. NA raised its position in shares of Keysight Technologies by 55.1% during the 2nd quarter. Private Trust Co. NA now owns 408 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 145 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Keysight Technologies by 2.3% during the 2nd quarter. Nordea Investment Management AB now owns 14,888 shares of the scientific and technical instruments company’s stock worth $2,446,000 after purchasing an additional 337 shares during the last quarter. Praxis Investment Management Inc. raised its position in shares of Keysight Technologies by 5.7% during the 2nd quarter. Praxis Investment Management Inc. now owns 6,731 shares of the scientific and technical instruments company’s stock worth $1,103,000 after purchasing an additional 360 shares during the last quarter. Werba Rubin Papier Wealth Management grew its stake in Keysight Technologies by 35.4% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 2,746 shares of the scientific and technical instruments company’s stock worth $450,000 after acquiring an additional 718 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Keysight Technologies in the 2nd quarter worth approximately $230,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Up 0.7%
Shares of NYSE KEYS opened at $169.49 on Friday. Keysight Technologies Inc. has a 52-week low of $121.43 and a 52-week high of $186.20. The firm has a fifty day moving average of $168.71 and a 200-day moving average of $161.06. The stock has a market capitalization of $29.13 billion, a PE ratio of 53.98, a P/E/G ratio of 2.35 and a beta of 1.18. The company has a quick ratio of 2.94, a current ratio of 3.59 and a debt-to-equity ratio of 0.45.
Wall Street Analyst Weigh In
Several analysts have commented on KEYS shares. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. Bank of America lifted their target price on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keysight Technologies in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.38.
Read Our Latest Stock Report on KEYS
Insider Buying and Selling at Keysight Technologies
In related news, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total transaction of $347,960.00. Following the transaction, the senior vice president owned 106,590 shares in the company, valued at approximately $18,544,528.20. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.
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.
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