Victory Capital Management Inc. Purchases 3,174 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Victory Capital Management Inc. lifted its position in Keysight Technologies, Inc. (NYSE:KEYS) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,764 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,174 shares during the period. Victory Capital Management Inc.’s holdings in Keysight Technologies were worth $22,372,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust bought a new position in shares of Keysight Technologies in the 3rd quarter worth approximately $31,000. Meeder Asset Management Inc. bought a new position in Keysight Technologies during the 2nd quarter valued at approximately $27,000. Family Firm Inc. bought a new position in Keysight Technologies during the 2nd quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC increased its position in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 184 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Keysight Technologies by 842.4% during the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 278 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KEYS. Bank of America raised their price objective on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Susquehanna reduced their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $158.00 to $180.00 in a research note on Monday, November 4th. Finally, StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $170.89.

Keysight Technologies Stock Performance

KEYS stock opened at $151.42 on Tuesday. The company has a market cap of $26.28 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 4.36 and a beta of 0.98. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $166.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The stock’s fifty day moving average price is $155.28 and its 200-day moving average price is $145.95.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the business posted $2.04 EPS. On average, equities analysts forecast that Keysight Technologies, Inc. will post 5.48 earnings per share for the current year.

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.