Keysight Technologies, Inc. (NYSE:KEYS) is Weybosset Research & Management LLC’s 4th Largest Position

Weybosset Research & Management LLC trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,482 shares of the scientific and technical instruments company’s stock after selling 2,046 shares during the period. Keysight Technologies makes up about 6.2% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 4th largest holding. Weybosset Research & Management LLC’s holdings in Keysight Technologies were worth $16,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KEYS. Outlook Wealth Advisors LLC grew its stake in shares of Keysight Technologies by 32.0% in the first quarter. Outlook Wealth Advisors LLC now owns 1,813 shares of the scientific and technical instruments company’s stock worth $284,000 after acquiring an additional 439 shares during the period. Leeward Investments LLC MA boosted its holdings in Keysight Technologies by 3.8% in the first quarter. Leeward Investments LLC MA now owns 101,259 shares of the scientific and technical instruments company’s stock worth $15,835,000 after purchasing an additional 3,694 shares during the last quarter. Marshall Financial Group LLC boosted its holdings in Keysight Technologies by 10.4% in the first quarter. Marshall Financial Group LLC now owns 5,816 shares of the scientific and technical instruments company’s stock worth $910,000 after purchasing an additional 549 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Keysight Technologies by 6.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,234 shares of the scientific and technical instruments company’s stock worth $662,000 after purchasing an additional 260 shares during the period. Finally, Advisor Resource Council purchased a new stake in Keysight Technologies during the 1st quarter valued at $244,000. Institutional investors own 84.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KEYS. Barclays raised 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. Citigroup raised their target price on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $160.63.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

KEYS traded up $1.62 during midday trading on Monday, reaching $150.17. The company had a trading volume of 950,665 shares, compared to its average volume of 1,223,892. The business has a 50-day moving average of $152.86 and a two-hundred day moving average of $146.85. 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 company has a market cap of $26.21 billion, a P/E ratio of 27.26, a P/E/G ratio of 6.73 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.72 EPS. As a group, equities research analysts predict that Keysight Technologies, Inc. will post 5.4 earnings per share 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.