Scissortail Wealth Management LLC Invests $208,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Scissortail Wealth Management LLC purchased a new position in Keysight Technologies, Inc. (NYSE:KEYS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,305 shares of the scientific and technical instruments company’s stock, valued at approximately $208,000.

A number of other hedge funds have also made changes to their positions in KEYS. Norges Bank purchased a new stake in shares of Keysight Technologies in the fourth quarter worth approximately $265,043,000. Moneta Group Investment Advisors LLC raised its position in Keysight Technologies by 110,226.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company’s stock valued at $256,680,000 after acquiring an additional 1,499,078 shares in the last quarter. Van ECK Associates Corp raised its position in Keysight Technologies by 1,588.0% during the third quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company’s stock valued at $153,406,000 after acquiring an additional 1,090,763 shares in the last quarter. Alliancebernstein L.P. raised its position in Keysight Technologies by 31.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,160,766 shares of the scientific and technical instruments company’s stock valued at $369,642,000 after acquiring an additional 521,934 shares in the last quarter. Finally, Morgan Stanley raised its position in Keysight Technologies by 29.8% during the fourth quarter. Morgan Stanley now owns 2,026,408 shares of the scientific and technical instruments company’s stock valued at $346,658,000 after acquiring an additional 464,655 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KEYS shares. Citigroup raised their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. downgraded Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Finally, Barclays increased their price target on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Hold” and an average target price of $160.63.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock traded down $1.72 during midday trading on Wednesday, hitting $151.60. The company had a trading volume of 965,071 shares, compared to its average volume of 1,169,728. The business’s 50 day simple moving average is $154.50 and its two-hundred day simple moving average is $145.97. The stock has a market cap of $26.46 billion, a PE ratio of 27.82, a P/E/G ratio of 6.95 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $1.72 earnings per share. Keysight Technologies’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, equities analysts predict that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

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.