Andina Capital Management LLC Invests $224,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Andina Capital Management LLC acquired a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,407 shares of the scientific and technical instruments company’s stock, valued at approximately $224,000.

Several other large investors also recently added to or reduced their stakes in KEYS. Savant Capital LLC purchased a new stake in shares of Keysight Technologies in the 4th quarter worth $438,000. Brighton Jones LLC grew its holdings in Keysight Technologies by 12.9% during the 4th quarter. Brighton Jones LLC now owns 2,615 shares of the scientific and technical instruments company’s stock worth $416,000 after acquiring an additional 298 shares in the last quarter. Mission Wealth Management LP increased its position in Keysight Technologies by 69.6% during the 4th quarter. Mission Wealth Management LP now owns 23,112 shares of the scientific and technical instruments company’s stock valued at $3,677,000 after purchasing an additional 9,483 shares during the period. Van ECK Associates Corp increased its position in Keysight Technologies by 105.5% during the 4th quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after purchasing an additional 1,223,694 shares during the period. Finally, Eagle Ridge Investment Management bought a new stake in shares of Keysight Technologies in the 4th quarter valued at about $22,150,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

KEYS stock traded down $2.84 during midday trading on Wednesday, hitting $145.10. 352,852 shares of the stock traded hands, compared to its average volume of 1,211,728. The stock’s fifty day simple moving average is $152.63 and its 200-day simple moving average is $147.13. The firm has a market cap of $25.33 billion, a P/E ratio of 27.15, a PEG ratio of 6.81 and a beta of 1.05. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. On average, analysts expect that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KEYS shares. Citigroup raised their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Barclays increased their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.63.

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.