Dark Forest Capital Management LP Acquires 165 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Dark Forest Capital Management LP boosted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,751 shares of the scientific and technical instruments company’s stock after acquiring an additional 165 shares during the quarter. Dark Forest Capital Management LP’s holdings in Keysight Technologies were worth $376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEYS. Rise Advisors LLC acquired a new stake in shares of Keysight Technologies in the first quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at $27,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at $30,000. Larson Financial Group LLC bought a new stake in shares of Keysight Technologies during the first quarter worth $31,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of 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 valued at $35,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KEYS has been the subject of several recent research reports. Robert W. Baird dropped their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Vertical Research began coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Bank of America upped their price objective on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $167.67.

Keysight Technologies Price Performance

Shares of KEYS opened at $158.70 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The firm has a market capitalization of $27.70 billion, a PE ratio of 34.58, a P/E/G ratio of 5.11 and a beta of 0.97. The stock has a 50 day simple moving average of $142.96 and a 200 day simple moving average of $144.84. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the business posted $2.04 earnings per share. Sell-side analysts predict that Keysight Technologies, Inc. will post 5.38 EPS for the current fiscal year.

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.