Stephens Investment Management Group LLC Increases Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Stephens Investment Management Group LLC grew its position in Keysight Technologies, Inc. (NYSE:KEYS) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,010 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,343 shares during the period. Stephens Investment Management Group LLC’s holdings in Keysight Technologies were worth $10,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc raised its holdings in shares of Keysight Technologies by 0.9% in the third quarter. abrdn plc now owns 284,445 shares of the scientific and technical instruments company’s stock valued at $45,146,000 after purchasing an additional 2,584 shares during the last quarter. Hunter Associates Investment Management LLC purchased a new stake in shares of Keysight Technologies in the third quarter valued at about $218,000. Mcrae Capital Management Inc. raised its holdings in shares of Keysight Technologies by 0.4% in the third quarter. Mcrae Capital Management Inc. now owns 112,351 shares of the scientific and technical instruments company’s stock valued at $17,856,000 after purchasing an additional 425 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Keysight Technologies by 23.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,736 shares of the scientific and technical instruments company’s stock valued at $1,547,000 after purchasing an additional 1,866 shares during the last quarter. Finally, Forsta AP Fonden raised its holdings in shares of Keysight Technologies by 11.9% in the third quarter. Forsta AP Fonden now owns 36,800 shares of the scientific and technical instruments company’s stock valued at $5,849,000 after purchasing an additional 3,900 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

KEYS opened at $151.55 on Friday. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 5.08 and a beta of 0.97. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $153.70 and a 200-day moving average price of $145.18. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $162.51.

Keysight Technologies (NYSE:KEYS) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $2.04 earnings per share. The company’s revenue was down 11.9% on a year-over-year basis. Equities analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on KEYS. Bank of America increased their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. Robert W. Baird decreased their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Susquehanna decreased their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.67.

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.