DRW Securities LLC Buys Shares of 1,523 Keysight Technologies, Inc. (NYSE:KEYS)

DRW Securities LLC purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,523 shares of the scientific and technical instruments company’s stock, valued at approximately $209,000.

Several other institutional investors have also made changes to their positions in KEYS. Rise Advisors LLC acquired a new position in Keysight Technologies during the first quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Keysight Technologies during the 2nd quarter valued at about $27,000. Family Firm Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC acquired a new stake in Keysight Technologies in the 1st quarter worth approximately $31,000. Finally, GPS Wealth Strategies Group LLC boosted its position in Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 184 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $154.09 on Wednesday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The company has a market capitalization of $26.89 billion, a P/E ratio of 33.57, a P/E/G ratio of 5.03 and a beta of 0.97. The stock has a 50 day moving average of $142.04 and a two-hundred day moving average of $144.69. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company earned $2.04 earnings per share. The business’s revenue was down 11.9% compared to the same quarter last year. As a group, equities analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated 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 owns 42,160 shares of the company’s stock, valued at $6,576,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KEYS shares. Deutsche Bank Aktiengesellschaft boosted 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. Robert W. Baird cut their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Susquehanna cut their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.