Eastern Bank Takes $95,000 Position in Keysight Technologies, Inc. (NYSE:KEYS)

Eastern Bank bought a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 600 shares of the scientific and technical instruments company’s stock, valued at approximately $95,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KEYS. Meeder Asset Management Inc. acquired a new position in shares of Keysight Technologies in the 2nd quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in Keysight Technologies during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC acquired a new position in Keysight Technologies during the 1st quarter worth approximately $31,000. American National Bank & Trust acquired a new position in Keysight Technologies during the 3rd quarter worth approximately $31,000. Finally, 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 worth $35,000 after purchasing an additional 184 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Stock Performance

KEYS opened at $155.98 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average price is $153.25 and its two-hundred day moving average price is $145.32. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 5.19 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $2.04 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. On average, analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KEYS shares. Vertical Research started coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective for the company. Bank of America upped their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. Robert W. Baird lowered their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Susquehanna decreased their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate 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.