Almanack Investment Partners LLC. Acquires Shares of 356 Keysight Technologies, Inc. (NYSE:KEYS)

Posted by on Mar 15th, 2023

Almanack Investment Partners LLC. acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 356 shares of the scientific and technical instruments company’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KEYS. Private Trust Co. NA raised its holdings in shares of Keysight Technologies by 134.2% during the third quarter. Private Trust Co. NA now owns 185 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Keysight Technologies during the second quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new position in shares of Keysight Technologies during the third quarter valued at approximately $31,000. CI Investments Inc. raised its holdings in shares of Keysight Technologies by 968.2% during the third quarter. CI Investments Inc. now owns 235 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 213 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new position in shares of Keysight Technologies during the third quarter valued at approximately $39,000. Institutional investors own 81.69% of the company’s stock.

Keysight Technologies Trading Up 1.7 %

NYSE KEYS opened at $156.77 on Wednesday. Keysight Technologies, Inc. has a 12 month low of $127.93 and a 12 month high of $189.45. The stock has a market cap of $27.93 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.57 and a beta of 1.07. The stock’s fifty day moving average price is $173.75 and its 200-day moving average price is $170.54. The company has a current ratio of 3.07, a quick ratio of 2.45 and a debt-to-equity ratio of 0.41.

Keysight Technologies (NYSE:KEYS – Get Rating) last released its earnings results on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. Keysight Technologies had a return on equity of 32.50% and a net margin of 20.81%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities analysts forecast that Keysight Technologies, Inc. will post 7.3 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, insider Ronald S. Nersesian sold 18,069 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $170.00, for a total transaction of $3,071,730.00. Following the sale, the insider now directly owns 275,209 shares of the company’s stock, valued at $46,785,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KEYS. Susquehanna Bancshares decreased their target price on Keysight Technologies from $205.00 to $200.00 and set a “positive” rating for the company in a report on Friday, November 18th. UBS Group decreased their target price on Keysight Technologies from $205.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, February 23rd. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $202.00 in a report on Tuesday, January 10th. Morgan Stanley increased their price objective on Keysight Technologies from $170.00 to $184.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 13th. Finally, The Goldman Sachs Group downgraded Keysight Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $196.00 to $189.00 in a report on Tuesday, January 10th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $197.75.

About Keysight Technologies

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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