Cetera Investment Advisers Has $2.54 Million Stake in Keysight Technologies Inc. (NYSE:KEYS)

Cetera Investment Advisers grew its stake in Keysight Technologies Inc. (NYSE:KEYS) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,987 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,131 shares during the period. Cetera Investment Advisers’ holdings in Keysight Technologies were worth $2,544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KEYS. Central Pacific Bank Trust Division grew its position in Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 75 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Keysight Technologies by 241.8% during the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 191 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies during the 1st quarter valued at about $51,000. Finally, Quarry LP boosted its position in shares of Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock valued at $70,000 after acquiring an additional 284 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keysight Technologies

In other news, CFO Neil Dougherty sold 12,215 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the transaction, the chief financial officer directly owned 115,228 shares in the company, valued at approximately $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Page sold 7,368 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the transaction, the senior vice president owned 36,986 shares in the company, valued at $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KEYS has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Bank of America upgraded shares of Keysight Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $170.00 to $175.00 in a research report on Monday, July 21st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.50.

Keysight Technologies Trading Down 0.4%

Shares of KEYS stock opened at $160.69 on Thursday. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The company has a market capitalization of $27.66 billion, a P/E ratio of 37.72, a P/E/G ratio of 2.17 and a beta of 1.11. The firm has a 50-day moving average price of $162.47 and a 200 day moving average price of $158.89. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $1.41 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

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.