Keysight Technologies, Inc. (NYSE:KEYS) Holdings Decreased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 62.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,926 shares of the scientific and technical instruments company’s stock after selling 3,151 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Keysight Technologies were worth $263,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Keysight Technologies in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in Keysight Technologies during the second quarter worth approximately $27,000. Family Firm Inc. acquired a new stake in Keysight Technologies in the second quarter worth approximately $30,000. Larson Financial Group LLC bought a new position in Keysight Technologies during the 1st quarter valued at $31,000. Finally, GPS Wealth Strategies Group LLC increased 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 purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Vertical Research began coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Robert W. Baird dropped their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $167.67.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $158.70 on Friday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $27.70 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 5.11 and a beta of 0.97. The business has a fifty day simple moving average of $142.96 and a 200-day simple moving average of $144.84.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 EPS. On average, sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.38 EPS for the current fiscal year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by insiders.

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.