Stratos Wealth Partners LTD. reduced its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 46.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,529 shares of the scientific and technical instruments company’s stock after selling 2,207 shares during the period. Stratos Wealth Partners LTD.’s holdings in Keysight Technologies were worth $414,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Summit Financial LLC grew its holdings in shares of 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 during the last quarter. Private Trust Co. NA grew its holdings in shares of 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 during the last quarter. Principal Securities Inc. grew its holdings in shares of 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 during the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of 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 during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Keysight Technologies by 49.1% during the second quarter. IFP Advisors Inc now owns 246 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 81 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Price Performance
KEYS stock opened at $169.49 on Friday. The firm has a 50 day moving average of $168.71 and a 200-day moving average of $161.06. Keysight Technologies Inc. has a 12-month low of $121.43 and a 12-month high of $186.20. The company has a current ratio of 3.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.45. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 53.98, a PEG ratio of 2.35 and a beta of 1.18.
Insider Activity
In other news, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total transaction of $347,960.00. Following the completion of the sale, the senior vice president directly owned 106,590 shares in the company, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Barclays reduced their price objective on shares of Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Morgan Stanley restated an “equal weight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Friday, October 10th. Bank of America raised their price objective on shares of Keysight Technologies from $175.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Keysight Technologies in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.38.
View Our Latest Research Report on KEYS
Keysight Technologies Company 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.
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