Wellington Wealth Strategies LLC. Invests $204,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Wellington Wealth Strategies LLC. acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,494 shares of the scientific and technical instruments company’s stock, valued at approximately $204,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Keysight Technologies by 2.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,953 shares of the scientific and technical instruments company’s stock worth $1,265,000 after purchasing an additional 209 shares during the last quarter. Fiduciary Trust Co purchased a new position in shares of Keysight Technologies in the 4th quarter worth $216,000. California State Teachers Retirement System raised its position in shares of Keysight Technologies by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 282,969 shares of the scientific and technical instruments company’s stock worth $45,018,000 after buying an additional 5,435 shares during the period. Steward Partners Investment Solutions LLC acquired a new position in Keysight Technologies in the fourth quarter valued at $253,000. Finally, Jones Financial Companies Lllp grew its position in Keysight Technologies by 97.5% during the fourth quarter. Jones Financial Companies Lllp now owns 875 shares of the scientific and technical instruments company’s stock valued at $139,000 after acquiring an additional 432 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Susquehanna reduced their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. Bank of America increased their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Robert W. Baird reduced their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, 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 report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $158.70 on Monday. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The stock has a market cap of $27.70 billion, a P/E ratio of 34.58, a PEG ratio of 5.11 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The firm has a 50-day moving average of $142.96 and a two-hundred day moving average of $144.79.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $2.04 EPS. Keysight Technologies’s quarterly revenue was down 11.9% on a year-over-year basis. On average, research analysts expect that Keysight Technologies, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Keysight Technologies 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 directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

About Keysight Technologies

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.