Farther Finance Advisors LLC Lowers Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Farther Finance Advisors LLC reduced its position in Keysight Technologies, Inc. (NYSE:KEYS) by 30.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 997 shares of the scientific and technical instruments company’s stock after selling 439 shares during the quarter. Farther Finance Advisors LLC’s holdings in Keysight Technologies were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. increased its position in shares of Keysight Technologies by 0.6% in the second 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 acquiring an additional 73 shares in the last quarter. Wedmont Private Capital boosted its position in Keysight Technologies by 2.8% during the 2nd quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock worth $391,000 after purchasing an additional 74 shares during the period. Cromwell Holdings LLC increased its holdings in Keysight Technologies by 15.9% in the 3rd quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company’s stock valued at $87,000 after purchasing an additional 75 shares in the last quarter. Allworth Financial LP raised its position in Keysight Technologies by 3.9% in the third quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock valued at $317,000 after purchasing an additional 75 shares during the period. Finally, Diversified LLC lifted its stake in shares of Keysight Technologies by 3.6% during the second quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock worth $309,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $165.42 on Monday. 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 stock has a market capitalization of $28.71 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 4.89 and a beta of 0.98. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $165.52. The company’s 50-day simple moving average is $154.29 and its 200-day simple moving average is $145.59.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.04 EPS. Equities analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KEYS shares. Vertical Research initiated coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. Barclays upgraded shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $158.00 to $180.00 in a research note on Monday, November 4th. 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 note on Wednesday, August 21st. Bank of America raised their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.89.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by insiders.

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.