Trueblood Wealth Management LLC Invests $393,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Trueblood Wealth Management LLC purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,470 shares of the scientific and technical instruments company’s stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KEYS. Panagora Asset Management Inc. raised its position in Keysight Technologies by 14.7% in the 1st quarter. Panagora Asset Management Inc. now owns 9,411 shares of the scientific and technical instruments company’s stock valued at $1,487,000 after buying an additional 1,206 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Keysight Technologies by 1.3% during the 1st quarter. Blair William & Co. IL now owns 6,780 shares of the scientific and technical instruments company’s stock worth $1,071,000 after acquiring an additional 88 shares during the period. Prudential PLC bought a new position in shares of Keysight Technologies during the 1st quarter worth $592,000. National Pension Service grew its stake in shares of Keysight Technologies by 2.2% during the 1st quarter. National Pension Service now owns 274,276 shares of the scientific and technical instruments company’s stock worth $43,327,000 after acquiring an additional 5,882 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Keysight Technologies by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock worth $3,214,409,000 after acquiring an additional 153,857 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KEYS shares. TheStreet raised Keysight Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Citigroup increased their price objective on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Barclays increased their price objective on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $184.00 to $170.00 in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.63.

Keysight Technologies Trading Up 0.3 %

Shares of KEYS traded up $0.54 during mid-day trading on Thursday, hitting $156.38. 1,322,548 shares of the company’s stock traded hands, compared to its average volume of 1,238,340. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72. The firm has a market capitalization of $27.30 billion, a P/E ratio of 28.59, a PEG ratio of 6.98 and a beta of 1.05. The business’s 50-day moving average price is $154.25 and its 200-day moving average price is $143.50.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.39 EPS for the current fiscal year.

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.