Archford Capital Strategies LLC Purchases 3,306 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Archford Capital Strategies LLC raised its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 119.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,070 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,306 shares during the period. Archford Capital Strategies LLC’s holdings in Keysight Technologies were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KEYS. EverSource Wealth Advisors LLC boosted its stake in Keysight Technologies by 3.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company’s stock valued at $314,000 after purchasing an additional 61 shares during the period. Signaturefd LLC boosted its position in shares of Keysight Technologies by 2.8% in the fourth quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company’s stock valued at $387,000 after acquiring an additional 66 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Keysight Technologies by 5.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company’s stock valued at $262,000 after acquiring an additional 79 shares during the period. Integrated Advisors Network LLC boosted its position in shares of Keysight Technologies by 4.8% in the first quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company’s stock valued at $277,000 after acquiring an additional 85 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Keysight Technologies by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 2,159 shares of the scientific and technical instruments company’s stock valued at $347,000 after purchasing an additional 89 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $164.14 on Thursday. The company has a 50 day moving average of $155.44 and a 200-day moving average of $159.09. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The company has a market cap of $28.25 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09.

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

Analyst Ratings Changes

A number of analysts have issued reports on KEYS shares. JPMorgan Chase & Co. boosted their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Wells Fargo & Company boosted their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Robert W. Baird boosted their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Bank of America upped their target price on Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Insider Buying and Selling

In related news, CEO Satish Dhanasekaran sold 658 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the completion of the transaction, the chief executive officer now owns 115,576 shares of the company’s stock, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard P. Hamada sold 1,589 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,829,920. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,615 shares of company stock worth $3,113,460 in the last ninety days. 0.61% of the stock is owned by insiders.

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.