Virtu Financial LLC Buys New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Virtu Financial LLC purchased a new position in Keysight Technologies, Inc. (NYSE:KEYS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,358 shares of the scientific and technical instruments company’s stock, valued at approximately $1,416,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rise Advisors LLC bought a new stake in shares of Keysight Technologies in the first quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in Keysight Technologies during the 2nd quarter valued at approximately $27,000. Family Firm Inc. bought a new stake in Keysight Technologies in the 2nd quarter worth approximately $30,000. Larson Financial Group LLC purchased a new stake in shares of Keysight Technologies during the 1st quarter worth approximately $31,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Keysight Technologies by 262.9% during 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 acquiring an additional 184 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Up 0.7 %

Shares of NYSE:KEYS opened at $150.49 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The business has a 50 day simple moving average of $140.77 and a two-hundred day simple moving average of $144.87. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $162.51. The firm has a market capitalization of $26.27 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business earned $2.04 EPS. Keysight Technologies’s revenue was down 11.9% compared to the same quarter last year. On average, equities analysts predict that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on KEYS. Barclays boosted their price target on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Robert W. Baird reduced their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Bank of America increased their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by insiders.

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.