First Western Trust Bank Takes $241,000 Position in Keysight Technologies, Inc. (NYSE:KEYS)

First Western Trust Bank purchased a new position in Keysight Technologies, Inc. (NYSE:KEYS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,517 shares of the scientific and technical instruments company’s stock, valued at approximately $241,000.

A number of other institutional investors have also recently made changes to their positions in KEYS. Jennison Associates LLC bought a new stake in shares of Keysight Technologies in the fourth quarter worth approximately $395,789,000. Van ECK Associates Corp grew its holdings in Keysight Technologies by 105.5% during the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after purchasing an additional 1,223,694 shares during the period. EP Wealth Advisors LLC increased its position in Keysight Technologies by 14,134.3% in the third quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company’s stock worth $41,641,000 after buying an additional 312,509 shares in the last quarter. Findlay Park Partners LLP raised its stake in shares of Keysight Technologies by 35.8% in the third quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company’s stock worth $149,123,000 after buying an additional 297,147 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Keysight Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock valued at $229,203,000 after buying an additional 247,250 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock traded up $0.21 during trading on Thursday, reaching $151.01. 651,670 shares of the stock traded hands, compared to its average volume of 1,192,776. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The company has a market capitalization of $26.36 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 6.76 and a beta of 1.06. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The business has a fifty day simple moving average of $152.38 and a two-hundred day simple moving average of $147.93.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS. Sell-side analysts expect that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

Analyst Ratings Changes

KEYS has been the topic of several analyst reports. Citigroup lifted their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Barclays increased their price target on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. downgraded Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Keysight Technologies presently has an average rating of “Hold” and a consensus price target of $160.63.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

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.