Connectus Wealth LLC Has $607,000 Position in Keysight Technologies, Inc. (NYSE:KEYS)

Connectus Wealth LLC lowered its position in Keysight Technologies, Inc. (NYSE:KEYSGet Rating) by 77.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,939 shares of the scientific and technical instruments company’s stock after selling 9,860 shares during the quarter. Connectus Wealth LLC’s holdings in Keysight Technologies were worth $607,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First National Bank of Hutchinson raised its position in shares of Keysight Technologies by 3.2% in the fourth quarter. First National Bank of Hutchinson now owns 2,085 shares of the scientific and technical instruments company’s stock valued at $431,000 after purchasing an additional 65 shares during the period. MD Financial Management Inc. raised its position in shares of Keysight Technologies by 0.4% in the fourth quarter. MD Financial Management Inc. now owns 16,926 shares of the scientific and technical instruments company’s stock valued at $3,495,000 after purchasing an additional 66 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Keysight Technologies by 4.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,700 shares of the scientific and technical instruments company’s stock valued at $351,000 after purchasing an additional 71 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of Keysight Technologies by 5.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 1,487 shares of the scientific and technical instruments company’s stock valued at $307,000 after purchasing an additional 75 shares during the period. Finally, Mutual Advisors LLC raised its position in shares of Keysight Technologies by 3.2% in the fourth quarter. Mutual Advisors LLC now owns 2,545 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Keysight Technologies Price Performance

KEYS stock opened at $167.26 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.86 and a debt-to-equity ratio of 0.47. Keysight Technologies, Inc. has a 12 month low of $127.93 and a 12 month high of $209.08. The firm has a market cap of $30.10 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.82 and a beta of 1.10. The company’s 50-day moving average price is $145.19 and its two-hundred day moving average price is $150.61.

Keysight Technologies (NYSE:KEYSGet Rating) last released its earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm earned $1.34 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts anticipate that Keysight Technologies, Inc. will post 6.53 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Richard P. Hamada sold 1,626 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $150.00, for a total value of $243,900.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,324,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Kevin A. Stephens purchased 500 shares of Keysight Technologies stock in a transaction dated Thursday, June 30th. The shares were bought at an average cost of $136.91 per share, for a total transaction of $68,455.00. Following the purchase, the director now owns 3,626 shares in the company, valued at approximately $496,435.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard P. Hamada sold 1,626 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at $6,324,000. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Keysight Technologies from $220.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, June 17th. The Goldman Sachs Group lowered their price target on shares of Keysight Technologies from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, June 1st. Morgan Stanley lowered their price target on shares of Keysight Technologies from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. Robert W. Baird lowered their price target on shares of Keysight Technologies from $198.00 to $166.00 in a research report on Monday, May 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Keysight Technologies from $200.00 to $176.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.50.

Keysight Technologies Profile

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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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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