Captrust Financial Advisors Boosts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Captrust Financial Advisors grew its position in Keysight Technologies, Inc. (NYSE:KEYS) by 27.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,940 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,502 shares during the quarter. Captrust Financial Advisors’ holdings in Keysight Technologies were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies during the second quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in shares of Keysight Technologies during the 3rd quarter valued at about $28,000. Family Firm Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter valued at about $30,000. American National Bank & Trust purchased a new position in Keysight Technologies in the third quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC increased its stake 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 acquiring an additional 184 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS opened at $171.73 on Monday. The firm’s 50 day simple moving average is $160.05 and its 200-day simple moving average is $147.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $175.39. The firm has a market cap of $29.80 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KEYS. Morgan Stanley lifted their target price on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. StockNews.com cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Robert W. Baird raised their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Bank of America raised their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $177.30.

Insider Buying and Selling

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares of the company’s stock, valued at approximately $19,779,302.12. This represents a 13.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the transaction, the vice president now directly owns 4,820 shares in the company, valued at approximately $828,027.80. The trade was a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,063 shares of company stock valued at $4,603,201 over the last quarter. 0.60% of the stock is owned by corporate 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.