Integrated Wealth Concepts LLC boosted its stake in Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 19.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,747 shares of the scientific and technical instruments company’s stock after purchasing an additional 288 shares during the period. Integrated Wealth Concepts LLC’s holdings in Keysight Technologies were worth $299,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP increased its holdings in Keysight Technologies by 2.5% in the 4th quarter. Allworth Financial LP now owns 2,443 shares of the scientific and technical instruments company’s stock valued at $418,000 after purchasing an additional 60 shares during the last quarter. Kentucky Retirement Systems increased its holdings in Keysight Technologies by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 14,148 shares of the scientific and technical instruments company’s stock valued at $2,420,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA increased its holdings in Keysight Technologies by 34.1% in the 4th quarter. Private Trust Co. NA now owns 248 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 63 shares during the last quarter. Glenview Trust Co increased its holdings in Keysight Technologies by 3.8% in the 4th quarter. Glenview Trust Co now owns 1,791 shares of the scientific and technical instruments company’s stock valued at $306,000 after purchasing an additional 65 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in Keysight Technologies by 4.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 1,600 shares of the scientific and technical instruments company’s stock valued at $273,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.
Insider Activity at Keysight Technologies
In related news, Director Kevin A. Stephens purchased 420 shares of Keysight Technologies stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average cost of $157.45 per share, with a total value of $66,129.00. Following the completion of the transaction, the director now directly owns 5,589 shares in the company, valued at $879,988.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Soon Chai Gooi sold 29,139 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $161.95, for a total value of $4,719,061.05. Following the completion of the sale, the senior vice president now directly owns 227,874 shares of the company’s stock, valued at $36,904,194.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin A. Stephens bought 420 shares of Keysight Technologies stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of $157.45 per share, with a total value of $66,129.00. Following the completion of the acquisition, the director now directly owns 5,589 shares of the company’s stock, valued at approximately $879,988.05. The disclosure for this purchase can be found here. 0.51% of the stock is owned by corporate insiders.
Keysight Technologies Stock Performance
Keysight Technologies (NYSE:KEYS – Get Rating) last announced its quarterly earnings results on Tuesday, May 16th. The scientific and technical instruments company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.17. Keysight Technologies had a net margin of 21.11% and a return on equity of 31.75%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company earned $1.68 earnings per share. Keysight Technologies’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that Keysight Technologies, Inc. will post 7.46 EPS for the current fiscal year.
Analysts Set New Price Targets
KEYS has been the subject of several research reports. Susquehanna reiterated a “positive” rating and issued a $208.00 target price on shares of Keysight Technologies in a report on Thursday, March 9th. Morgan Stanley dropped their price target on shares of Keysight Technologies from $184.00 to $180.00 in a research note on Monday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Keysight Technologies from $218.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. UBS Group dropped their price target on shares of Keysight Technologies from $205.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keysight Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.75.
Keysight Technologies Company Profile
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Keysight Technologies (KEYS)
- Can Cardinal Health Fly Higher In 2023?
- DraftKings Stock, Is There Royally Good Upside Ahead?
- Disney Stock Could Double: Return To Historical Performance
- For AI Exposure, Try Global Artificial Intelligence ETF
- 3 Penny Stocks The Insiders Are BuyingÂ
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
