Wellington Wealth Strategies LLC. Invests $204,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Wellington Wealth Strategies LLC. purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,494 shares of the scientific and technical instruments company’s stock, valued at approximately $204,000.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Keysight Technologies by 102.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 698,336 shares of the scientific and technical instruments company’s stock worth $111,099,000 after buying an additional 353,768 shares during the period. Swedbank AB increased its holdings in shares of Keysight Technologies by 3.8% in the 2nd quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after acquiring an additional 151,446 shares during the period. Oppenheimer & Co. Inc. lifted its position in Keysight Technologies by 14.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 47,393 shares of the scientific and technical instruments company’s stock valued at $7,411,000 after purchasing an additional 6,049 shares during the last quarter. Capital International Sarl acquired a new position in Keysight Technologies during the 1st quarter valued at about $2,434,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in Keysight Technologies by 172.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 41,977 shares of the scientific and technical instruments company’s stock worth $6,565,000 after purchasing an additional 26,577 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction on Thursday, August 22nd. The stock was 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 in the company, valued at approximately $6,576,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

KEYS has been the topic of a number of recent analyst reports. Bank of America lifted their price target on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. lifted 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. Robert W. Baird decreased their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Susquehanna lowered their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $167.67.

Keysight Technologies Price Performance

NYSE:KEYS opened at $158.70 on Monday. 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 business’s 50-day moving average price is $142.96 and its 200 day moving average price is $144.79. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51. The firm has a market cap of $27.70 billion, a P/E ratio of 34.58, a PEG ratio of 5.11 and a beta of 0.97.

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 (EPS) 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $2.04 earnings per share. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Keysight Technologies, Inc. will post 5.38 earnings per share for the current fiscal year.

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.