Paralel Advisors LLC Makes New $2 Million Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Paralel Advisors LLC purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the second quarter, according to its most recent filing with the SEC. The firm purchased 14,597 shares of the scientific and technical instruments company’s stock, valued at approximately $1,996,000.

Other institutional investors have also modified their holdings of the company. Brown Shipley& Co Ltd increased its stake in Keysight Technologies by 1.0% in the 4th quarter. Brown Shipley& Co Ltd now owns 6,452 shares of the scientific and technical instruments company’s stock valued at $1,026,000 after purchasing an additional 67 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Keysight Technologies by 0.9% during the 1st quarter. Park Avenue Securities LLC now owns 7,830 shares of the scientific and technical instruments company’s stock worth $1,224,000 after buying an additional 71 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Keysight Technologies by 0.6% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company’s stock worth $1,737,000 after buying an additional 73 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Keysight Technologies by 2.8% in the 2nd quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock worth $391,000 after buying an additional 74 shares in the last quarter. Finally, Diversified LLC grew its stake in Keysight Technologies by 3.6% in the 2nd quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock valued at $309,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Down 2.7 %

NYSE KEYS traded down $3.96 during trading hours on Friday, hitting $143.11. 907,360 shares of the company’s stock were exchanged, compared to its average volume of 1,240,447. The business’s 50 day moving average is $139.33 and its 200-day moving average is $145.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The firm has a market capitalization of $24.98 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 5.23 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $2.04 EPS. The company’s revenue was down 11.9% on a year-over-year basis. As a group, analysts anticipate that Keysight Technologies, Inc. will post 5.35 EPS for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In related news, VP Lisa M. Poole sold 440 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the transaction, the vice president now directly owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Lisa M. Poole sold 440 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the sale, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. JPMorgan Chase & Co. upped their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Barclays boosted their price target on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Wells Fargo & Company restated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. Finally, Susquehanna dropped their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.40.

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.