Global Retirement Partners LLC Takes Position in Keysight Technologies Inc. $KEYS

Global Retirement Partners LLC bought a new stake in Keysight Technologies Inc. (NYSE:KEYS) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 5,152 shares of the scientific and technical instruments company’s stock, valued at approximately $1,804,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Keysight Technologies during the second quarter valued at about $312,523,000. Private Advisory Group LLC bought a new stake in Keysight Technologies in the second quarter valued at about $2,050,000. Focus Partners Advisor Solutions LLC bought a new stake in Keysight Technologies in the second quarter valued at about $1,228,000. State of Wyoming acquired a new position in Keysight Technologies in the second quarter worth about $221,000. Finally, GSA Capital Partners LLP bought a new position in Keysight Technologies during the second quarter worth about $1,449,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Keysight Technologies

In related news, Director James Cullen sold 3,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the completion of the transaction, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the sale, the chief executive officer directly owned 121,391 shares in the company, valued at $43,860,996.12. This trade represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,507 shares of company stock valued at $1,904,669 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Keysight Technologies Trading Up 0.6%

KEYS opened at $359.87 on Tuesday. Keysight Technologies Inc. has a fifty-two week low of $152.85 and a fifty-two week high of $374.96. The firm has a 50 day simple moving average of $333.92 and a 200 day simple moving average of $313.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51. The company has a market cap of $61.50 billion, a price-to-earnings ratio of 59.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.55. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Keysight Technologies had a net margin of 17.25% and a return on equity of 21.58%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. On average, sell-side analysts anticipate that Keysight Technologies Inc. will post 9.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KEYS shares. JPMorgan Chase & Co. lifted their price objective on Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Citigroup raised their target price on Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. Weiss Ratings lowered Keysight Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Finally, Robert W. Baird lifted their price objective on Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $371.92.

Keysight Technologies Profile

Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.

Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.