Portfolio Design Labs LLC Invests $2.10 Million in Keysight Technologies, Inc. (NYSE:KEYS)

Portfolio Design Labs LLC purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,218 shares of the scientific and technical instruments company’s stock, valued at approximately $2,101,000.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Keysight Technologies in the second quarter valued at approximately $27,000. Family Firm Inc. bought a new position in shares of Keysight Technologies during the 2nd quarter worth $30,000. American National Bank & Trust bought a new position in shares of Keysight Technologies during the 3rd quarter worth $31,000. GPS Wealth Strategies Group LLC increased its stake in shares of Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 184 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Keysight Technologies by 842.4% in the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 278 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KEYS shares. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Morgan Stanley lifted their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday. Vertical Research assumed coverage on Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $176.30.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Keysight Technologies Trading Up 0.5 %

Keysight Technologies stock opened at $152.16 on Wednesday. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $166.28. The stock has a market cap of $26.41 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 4.38 and a beta of 0.98. 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 50-day moving average of $155.38 and a two-hundred day moving average of $145.97.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. Keysight Technologies’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.04 EPS. On average, research analysts anticipate that Keysight Technologies, Inc. will post 5.48 EPS 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.