1,341 Shares in Keysight Technologies, Inc. (NYSE:KEYS) Acquired by Financial Management Network Inc.

Financial Management Network Inc. bought a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,341 shares of the scientific and technical instruments company’s stock, valued at approximately $210,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new stake in shares of Keysight Technologies during the 3rd quarter worth $233,000. Eagle Ridge Investment Management lifted its holdings in shares of Keysight Technologies by 1.1% during the third quarter. Eagle Ridge Investment Management now owns 155,088 shares of the scientific and technical instruments company’s stock valued at $24,648,000 after purchasing an additional 1,700 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of Keysight Technologies by 10.4% during the third quarter. Dakota Wealth Management now owns 3,253 shares of the scientific and technical instruments company’s stock valued at $517,000 after purchasing an additional 306 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Keysight Technologies by 73.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 239,781 shares of the scientific and technical instruments company’s stock valued at $38,108,000 after purchasing an additional 101,584 shares during the period. Finally, Riverwater Partners LLC purchased a new position in Keysight Technologies in the 3rd quarter worth about $268,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Up 1.6 %

Shares of NYSE:KEYS traded up $2.41 during trading on Friday, reaching $156.16. 28,954 shares of the company traded hands, compared to its average volume of 1,178,842. The firm has a fifty day simple moving average of $152.84 and a 200 day simple moving average of $145.34. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The firm has a market cap of $27.26 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 5.28 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 EPS. Analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on KEYS shares. Vertical Research started coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective for the company. Bank of America upped their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Finally, Susquehanna reduced their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. One 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Transactions at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

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.