Confluence Wealth Services Inc. Invests $256,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Confluence Wealth Services Inc. acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYSGet Rating) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,244 shares of the scientific and technical instruments company’s stock, valued at approximately $256,000.

A number of other hedge funds have also added to or reduced their stakes in KEYS. Asset Dedication LLC bought a new position in Keysight Technologies in the 4th quarter valued at approximately $27,000. TAP Consulting LLC bought a new position in Keysight Technologies in the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC bought a new position in Keysight Technologies in the 4th quarter valued at approximately $47,000. Sageworth Trust Co of South Dakota bought a new position in Keysight Technologies in the 4th quarter valued at approximately $50,000. Finally, Pinnacle Bancorp Inc. bought a new position in Keysight Technologies in the 4th quarter valued at approximately $52,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on KEYS. StockNews.com began coverage on Keysight Technologies in a report on Thursday, March 31st. They set a “buy” rating on the stock. Susquehanna restated a “buy” rating and issued a $222.00 price objective on shares of Keysight Technologies in a research note on Monday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research note on Friday, March 11th. Morgan Stanley cut their price target on Keysight Technologies from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 12th. Finally, Susquehanna Bancshares reiterated a “buy” rating and issued a $222.00 price target on shares of Keysight Technologies in a research note on Monday, February 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $202.77.

In other news, Director Kevin A. Stephens purchased 1,000 shares of the business’s stock in a transaction on Thursday, March 24th. The shares were acquired at an average cost of $158.92 per share, with a total value of $158,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $159.62, for a total transaction of $319,240.00. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Shares of NYSE:KEYS opened at $136.67 on Friday. The firm has a market cap of $24.87 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.34 and a beta of 1.08. The firm’s 50 day simple moving average is $149.04 and its 200-day simple moving average is $171.58. Keysight Technologies, Inc. has a one year low of $127.93 and a one year high of $209.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.39 and a current ratio of 3.03.

Keysight Technologies (NYSE:KEYSGet Rating) last issued its earnings results on Thursday, February 17th. The scientific and technical instruments company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.06). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a return on equity of 29.55% and a net margin of 18.98%. During the same period last year, the business posted $1.23 earnings per share. Equities research analysts predict that Keysight Technologies, Inc. will post 6.23 EPS for the current fiscal year.

Keysight Technologies Company Profile (Get Rating)

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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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