Texas Capital Bank Wealth Management Services Inc Makes New $1.54 Million Investment in Keysight Technologies Inc. $KEYS

Texas Capital Bank Wealth Management Services Inc purchased a new stake in Keysight Technologies Inc. (NYSE:KEYS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 4,414 shares of the scientific and technical instruments company’s stock, valued at approximately $1,545,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in Keysight Technologies by 92.6% in the first quarter. AQR Capital Management LLC now owns 27,216 shares of the scientific and technical instruments company’s stock valued at $3,965,000 after acquiring an additional 13,085 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Keysight Technologies by 5.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company’s stock worth $387,000 after purchasing an additional 122 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Keysight Technologies by 30.0% during the first quarter. Empowered Funds LLC now owns 10,652 shares of the scientific and technical instruments company’s stock worth $1,595,000 after purchasing an additional 2,461 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Keysight Technologies by 66.5% during the first quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock worth $59,000 after purchasing an additional 157 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Keysight Technologies during the second quarter worth about $254,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director James Cullen sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 21,821 shares in the company, valued at $7,562,722.18. The trade was a 12.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total value of $183,189.24. Following the transaction, the chief executive officer owned 121,391 shares in the company, valued at $43,860,996.12. The trade was a 0.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,507 shares of company stock valued at $1,904,669 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on KEYS shares. Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Wells Fargo & Company lifted their price target on Keysight Technologies from $300.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Citigroup boosted their price objective on Keysight Technologies from $320.00 to $396.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Barclays increased their price objective on Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, Morgan Stanley raised their target price on shares of Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.

Keysight Technologies Price Performance

Shares of KEYS opened at $359.87 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. 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 market capitalization 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 issued its quarterly earnings results on Tuesday, May 19th. The scientific and technical instruments company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.55. Keysight Technologies had a return on equity of 21.58% and a net margin of 17.25%.The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, equities research analysts anticipate that Keysight Technologies Inc. will post 9.03 earnings per share for the current year.

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.