Creative Planning Has $3.32 Million Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Creative Planning increased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 11.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 20,874 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,138 shares during the quarter. Creative Planning’s holdings in Keysight Technologies were worth $3,318,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust bought a new stake in Keysight Technologies during the 3rd quarter worth about $31,000. Meeder Asset Management Inc. acquired a new position in Keysight Technologies in the second quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in Keysight Technologies in the first quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in Keysight Technologies during the 2nd quarter worth $30,000. Finally, GPS Wealth Strategies Group LLC raised 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 Price Performance

KEYS stock opened at $155.98 on Friday. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 5.19 and a beta of 0.97. 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 company has a 50 day simple moving average of $153.25 and a 200 day simple moving average of $145.32. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $162.51.

Keysight Technologies (NYSE:KEYS) last issued its 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. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. Research analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Activity

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KEYS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Robert W. Baird lowered their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Bank of America increased their target price on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Finally, Vertical Research assumed coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. One research 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, the company has an average rating of “Moderate Buy” and an average price target 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.