FORA Capital LLC Makes New $5.09 Million Investment in Keysight Technologies, Inc. (NYSE:KEYS)

FORA Capital LLC purchased a new position in Keysight Technologies, Inc. (NYSE:KEYS) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 32,554 shares of the scientific and technical instruments company’s stock, valued at approximately $5,091,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KEYS. Ameriprise Financial Inc. raised its stake in shares of Keysight Technologies by 3.3% in the third quarter. Ameriprise Financial Inc. now owns 374,578 shares of the scientific and technical instruments company’s stock worth $49,445,000 after acquiring an additional 12,022 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Keysight Technologies in the third quarter worth about $824,000. Sei Investments Co. raised its stake in shares of Keysight Technologies by 39.2% in the third quarter. Sei Investments Co. now owns 151,845 shares of the scientific and technical instruments company’s stock worth $20,091,000 after acquiring an additional 42,735 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Keysight Technologies by 4.6% in the third quarter. Royal London Asset Management Ltd. now owns 68,365 shares of the scientific and technical instruments company’s stock worth $9,046,000 after acquiring an additional 2,991 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Keysight Technologies by 31.8% in the third quarter. GSA Capital Partners LLP now owns 10,886 shares of the scientific and technical instruments company’s stock worth $1,440,000 after acquiring an additional 2,624 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays boosted their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. Robert W. Baird boosted their target price on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Finally, Susquehanna dropped their price target on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company in a research note on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Insider Activity at Keysight Technologies

In other news, Director Kevin A. Stephens acquired 460 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the acquisition, the director now owns 7,681 shares in the company, valued at $1,101,071.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares in the company, valued at $533,928.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin A. Stephens purchased 460 shares of Keysight Technologies stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $143.35 per share, with a total value of $65,941.00. Following the acquisition, the director now directly owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Trading Up 0.5 %

Shares of KEYS traded up $0.75 on Monday, reaching $138.10. 1,066,540 shares of the company’s stock were exchanged, compared to its average volume of 1,209,146. The stock has a market capitalization of $24.10 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 4.74 and a beta of 0.95. The business has a 50 day moving average price of $142.34 and a two-hundred day moving average price of $149.90. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. Research analysts anticipate that Keysight Technologies, Inc. will post 5.25 earnings per share for the current 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.