Riverwater Partners LLC Purchases New Position in Keysight Technologies, Inc. (NYSE:KEYS)

Riverwater Partners LLC acquired a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,721 shares of the scientific and technical instruments company’s stock, valued at approximately $268,000.

A number of other institutional investors also recently made changes to their positions in KEYS. Meeder Asset Management Inc. acquired a new stake in Keysight Technologies during the 2nd quarter worth approximately $27,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth $30,000. Larson Financial Group LLC bought a new stake in shares of Keysight Technologies in the first quarter valued at about $31,000. American National Bank & Trust acquired a new position in shares of Keysight Technologies in the third quarter valued at about $31,000. Finally, GPS Wealth Strategies Group LLC increased its position in Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares during the period. Institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated Thursday, August 22nd. The stock was 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 owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Keysight Technologies Stock Down 1.3 %

Shares of NYSE KEYS opened at $153.35 on Thursday. The stock has a 50-day moving average price of $152.41 and a two-hundred day moving average price of $145.28. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 5.28 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KEYS shares. Wells Fargo & Company reissued an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Bank of America upped their target price on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Finally, Robert W. Baird dropped their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and an average target price of $167.67.

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.