HB Wealth Management LLC trimmed its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 9.7% during the second quarter, HoldingsChannel reports. The fund owned 15,014 shares of the scientific and technical instruments company’s stock after selling 1,615 shares during the quarter. HB Wealth Management LLC’s holdings in Keysight Technologies were worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Summit Financial LLC boosted its holdings in Keysight Technologies by 2.2% during the first quarter. Summit Financial LLC now owns 3,468 shares of the scientific and technical instruments company’s stock worth $519,000 after buying an additional 73 shares in the last quarter. Private Trust Co. NA boosted its holdings in Keysight Technologies by 39.9% during the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 75 shares in the last quarter. Principal Securities Inc. boosted its holdings in Keysight Technologies by 9.1% during the first quarter. Principal Securities Inc. now owns 910 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 76 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Keysight Technologies by 2.4% during the second quarter. NorthCrest Asset Manangement LLC now owns 3,466 shares of the scientific and technical instruments company’s stock worth $579,000 after buying an additional 80 shares in the last quarter. Finally, Haven Private LLC boosted its holdings in Keysight Technologies by 2.1% during the first quarter. Haven Private LLC now owns 3,974 shares of the scientific and technical instruments company’s stock worth $595,000 after buying an additional 82 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
NYSE:KEYS opened at $173.32 on Thursday. The firm has a 50 day simple moving average of $167.61 and a 200-day simple moving average of $158.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The firm has a market cap of $29.79 billion, a PE ratio of 55.20, a P/E/G ratio of 2.44 and a beta of 1.18. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $186.20.
Wall Street Analysts Forecast Growth
KEYS has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Barclays reduced their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $187.38.
Check Out Our Latest Stock Report on KEYS
Insider Buying and Selling at Keysight Technologies
In other news, SVP Ingrid A. Estrada sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total value of $347,960.00. Following the completion of the transaction, the senior vice president owned 106,590 shares of the company’s stock, valued at $18,544,528.20. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% 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.
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