Keysight Technologies Inc. (NYSE:KEYS) Shares Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. increased its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 45.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,371 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,000 shares during the period. Praxis Investment Management Inc.’s holdings in Keysight Technologies were worth $954,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division increased its stake in Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 90 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 133 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Keysight Technologies by 241.8% in the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. Quarry LP increased its stake in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock worth $70,000 after buying an additional 284 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in Keysight Technologies during the 1st quarter worth approximately $73,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analysts Set New Price Targets

KEYS has been the subject of several research reports. Wells Fargo & Company boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $172.00 to $177.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Bank of America upped their price target on Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a report on Thursday, May 22nd. Morgan Stanley increased their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Insider Transactions at Keysight Technologies

In other news, CEO Satish Dhanasekaran sold 658 shares of the business’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the completion of the sale, the chief executive officer now directly owns 115,576 shares of the company’s stock, valued at approximately $18,235,581.28. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard P. Hamada sold 1,589 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the transaction, the director now owns 42,160 shares in the company, valued at $6,829,920. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,247 shares of company stock worth $2,086,720. 0.61% of the stock is currently owned by insiders.

Keysight Technologies Stock Down 0.5%

Shares of NYSE KEYS opened at $159.36 on Friday. The company has a market capitalization of $27.43 billion, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 2.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The business has a 50-day moving average of $153.80 and a two-hundred day moving average of $159.16. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. On average, analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Keysight Technologies 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.