Keysight Technologies Inc (NYSE:KEYS) Stock Position Raised by Wealthfront Advisers LLC

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Wealthfront Advisers LLC raised its position in shares of Keysight Technologies Inc (NYSE:KEYS) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,990 shares of the scientific and technical instruments company’s stock after purchasing an additional 849 shares during the period. Wealthfront Advisers LLC’s holdings in Keysight Technologies were worth $1,436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of Keysight Technologies by 20.6% during the 2nd quarter. Morgan Stanley now owns 279,355 shares of the scientific and technical instruments company’s stock worth $25,089,000 after purchasing an additional 47,687 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Keysight Technologies in the 2nd quarter valued at $3,090,000. Cubist Systematic Strategies LLC acquired a new stake in Keysight Technologies in the 2nd quarter valued at $890,000. CSat Investment Advisory L.P. boosted its stake in Keysight Technologies by 186.8% in the 2nd quarter. CSat Investment Advisory L.P. now owns 628 shares of the scientific and technical instruments company’s stock valued at $56,000 after buying an additional 409 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Keysight Technologies by 2.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 728,161 shares of the scientific and technical instruments company’s stock valued at $65,396,000 after buying an additional 15,198 shares in the last quarter. 87.79% of the stock is owned by institutional investors.

In related news, CEO Ronald S. Nersesian sold 109,624 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $103.80, for a total transaction of $11,378,971.20. Following the completion of the transaction, the chief executive officer now directly owns 298,970 shares of the company’s stock, valued at $31,033,086. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Skinner sold 8,327 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $103.17, for a total value of $859,096.59. Following the transaction, the vice president now directly owns 26,788 shares of the company’s stock, valued at $2,763,717.96. The disclosure for this sale can be found here. Insiders have sold 158,829 shares of company stock valued at $16,513,651 over the last three months. Insiders own 0.65% of the company’s stock.

NYSE:KEYS opened at $104.16 on Friday. The company has a current ratio of 3.21, a quick ratio of 2.50 and a debt-to-equity ratio of 0.60. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.40 and a beta of 1.24. The stock has a 50-day moving average price of $103.26 and a two-hundred day moving average price of $98.31. Keysight Technologies Inc has a 1 year low of $67.93 and a 1 year high of $110.00.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, November 26th. The scientific and technical instruments company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.21. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Keysight Technologies had a return on equity of 29.25% and a net margin of 14.43%. Keysight Technologies’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. Sell-side analysts forecast that Keysight Technologies Inc will post 4.83 earnings per share for the current year.

A number of equities research analysts have recently weighed in on KEYS shares. Susquehanna Bancshares restated a “buy” rating on shares of Keysight Technologies in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on Keysight Technologies from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Citigroup boosted their target price on Keysight Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Bank of America initiated coverage on Keysight Technologies in a report on Monday, November 18th. They issued a “neutral” rating and a $115.00 price objective for the company. Finally, Deutsche Bank upped their price objective on Keysight Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $109.45.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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

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