Metis Global Partners LLC Acquires 262 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Metis Global Partners LLC increased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 2.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,055 shares of the scientific and technical instruments company’s stock after purchasing an additional 262 shares during the quarter. Metis Global Partners LLC’s holdings in Keysight Technologies were worth $2,075,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. American National Bank & Trust acquired a new position in Keysight Technologies during the 3rd quarter worth approximately $31,000. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $27,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Keysight Technologies by 262.9% in the 2nd 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 last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Keysight Technologies by 842.4% in the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 278 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Down 2.8 %

Shares of NYSE KEYS opened at $149.37 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $166.28. The stock has a market capitalization of $25.92 billion, a P/E ratio of 28.73, a PEG ratio of 4.65 and a beta of 0.98. The stock’s fifty day moving average is $155.17 and its 200 day moving average is $145.92.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $2.04 earnings per share. Keysight Technologies’s revenue was down 11.9% on a year-over-year basis. Sell-side analysts forecast that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America increased their price objective on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their price target on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.89.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies 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 directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

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.