Lodestone Wealth Management LLC Cuts Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Lodestone Wealth Management LLC decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,397 shares of the scientific and technical instruments company’s stock after selling 274 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Keysight Technologies were worth $222,000 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 purchased a new stake in shares of Keysight Technologies during the third quarter valued at approximately $31,000. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies during the 2nd quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in Keysight Technologies during the 1st quarter valued at $31,000. Family Firm Inc. bought a new stake in shares of Keysight Technologies in the 2nd quarter worth $30,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Keysight Technologies by 262.9% in 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. 84.58% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction that occurred on 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 directly owns 42,160 shares of the company’s stock, valued at $6,576,960. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Price Performance

KEYS stock opened at $151.55 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The company’s fifty day moving average price is $153.63 and its 200-day moving average price is $145.12. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $162.51. The company has a market capitalization of $26.30 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 4.98 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 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 company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $2.04 earnings per share. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KEYS has been the topic of several research reports. Vertical Research began coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Susquehanna reduced their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Robert W. Baird lowered their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price target on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Bank of America upped their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.67.

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.