USA Financial Formulas Invests $572,000 in Keysight Technologies, Inc. (NYSE:KEYS)

USA Financial Formulas acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,558 shares of the scientific and technical instruments company’s stock, valued at approximately $572,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new position in Keysight Technologies in the third quarter valued at about $28,000. Erste Asset Management GmbH bought a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $29,000. American National Bank & Trust purchased a new stake in Keysight Technologies during the third quarter valued at approximately $31,000. Goodman Advisory Group LLC purchased a new position in Keysight Technologies in the third quarter worth $35,000. Finally, Groupama Asset Managment increased its position in shares of Keysight Technologies by 76.6% during the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 9,437 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Jeffrey K. Li sold 4,412 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the sale, the senior vice president now directly owns 30,637 shares in the company, valued at $5,267,113.04. This represents a 12.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Lisa M. Poole sold 350 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $171.79, for a total value of $60,126.50. Following the transaction, the vice president now directly owns 4,820 shares in the company, valued at $828,027.80. This trade represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock worth $5,573,941 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Keysight Technologies Stock Performance

KEYS opened at $165.55 on Thursday. The company has a market cap of $28.67 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 2.05 and a beta of 1.02. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $175.39. The firm’s fifty day simple moving average is $164.72 and its two-hundred day simple moving average is $152.76. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Robert W. Baird upped their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Susquehanna reissued a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. Finally, StockNews.com cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.80.

Keysight Technologies 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.