Virtu Financial LLC Makes New Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Virtu Financial LLC bought a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,358 shares of the scientific and technical instruments company’s stock, valued at approximately $1,416,000.

Other hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. raised its position in shares of Keysight Technologies by 974.3% in the 2nd quarter. Edgestream Partners L.P. now owns 30,262 shares of the scientific and technical instruments company’s stock worth $4,138,000 after acquiring an additional 27,445 shares in the last quarter. Lmcg Investments LLC raised its holdings in Keysight Technologies by 14.3% in the second quarter. Lmcg Investments LLC now owns 42,975 shares of the scientific and technical instruments company’s stock worth $5,877,000 after purchasing an additional 5,389 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Keysight Technologies by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,122,309 shares of the scientific and technical instruments company’s stock valued at $153,470,000 after buying an additional 141,062 shares during the last quarter. Lyell Wealth Management LP lifted its position in shares of Keysight Technologies by 4.7% during the second quarter. Lyell Wealth Management LP now owns 4,029 shares of the scientific and technical instruments company’s stock valued at $551,000 after buying an additional 180 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $433,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Up 0.7 %

Keysight Technologies stock opened at $150.49 on Wednesday. The business’s 50-day simple moving average is $140.77 and its two-hundred day simple moving average is $144.87. 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 company has a market cap of $26.27 billion, a PE ratio of 32.79, a PEG ratio of 5.03 and a beta of 0.97. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Susquehanna decreased their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. increased their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.67.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $6,576,960. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

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.