Entropy Technologies LP Buys New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Entropy Technologies LP bought a new stake in Keysight Technologies, Inc. (NYSE:KEYS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,074 shares of the scientific and technical instruments company’s stock, valued at approximately $3,349,000.

Several other large investors have also added to or reduced their stakes in KEYS. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies in the second quarter valued at approximately $27,000. Family Firm Inc. purchased a new stake in shares of Keysight Technologies in the 2nd quarter valued at $30,000. American National Bank & Trust acquired a new stake in shares of Keysight Technologies in the third quarter worth $31,000. GPS Wealth Strategies Group LLC raised its holdings in shares of 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 purchasing an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Keysight Technologies by 842.4% during the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Down 1.0 %

Shares of KEYS opened at $163.75 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $166.28. The stock has a fifty day simple moving average of $154.49 and a two-hundred day simple moving average of $145.70. The company has a market capitalization of $28.42 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 4.89 and a beta of 0.98.

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, topping analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 EPS. As a group, equities analysts forecast that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Vertical Research began coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective for the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. Barclays raised Keysight Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $158.00 to $180.00 in a report on Monday, November 4th. Finally, Robert W. Baird decreased their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and a consensus price target of $170.89.

Insider Transactions at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company 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.