TRUE Private Wealth Advisors Purchases Shares of 1,244 Keysight Technologies Inc. $KEYS

TRUE Private Wealth Advisors purchased a new position in Keysight Technologies Inc. (NYSE:KEYS) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,244 shares of the scientific and technical instruments company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of Keysight Technologies by 358.3% during the 2nd quarter. True Wealth Design LLC now owns 165 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 129 shares during the period. Accent Capital Management LLC acquired a new stake in Keysight Technologies in the 1st quarter valued at $28,000. NewSquare Capital LLC increased its holdings in Keysight Technologies by 155.2% in the 2nd quarter. NewSquare Capital LLC now owns 171 shares of the scientific and technical instruments company’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Keysight Technologies during the second quarter worth $34,000. Finally, Manchester Capital Management LLC lifted its holdings in Keysight Technologies by 85.0% during the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 108 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $174.48 on Thursday. 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’s 50-day moving average is $173.53 and its two-hundred day moving average is $166.37. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $187.67. The company has a market capitalization of $29.99 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 2.38 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.67 by $0.05. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. Analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Citigroup started coverage on shares of Keysight Technologies in a research note on Friday, November 14th. They set a “buy” rating and a $215.00 target price for the company. Barclays reduced their target price on Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research note on Friday, October 10th. UBS Group assumed coverage on Keysight Technologies in a report on Tuesday, November 11th. They issued a “buy” rating and a $220.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Keysight Technologies in a research note on Thursday, November 13th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $194.33.

Insider Buying and Selling at Keysight Technologies

In other news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total transaction of $347,960.00. Following the completion of the transaction, the senior vice president directly owned 106,590 shares in the company, valued at approximately $18,544,528.20. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.