Invesco LLC Invests $212,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Invesco LLC purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,335 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies in the second quarter valued at approximately $27,000. Family Firm Inc. bought a new stake in Keysight Technologies in the 2nd quarter valued at $30,000. Larson Financial Group LLC bought a new stake in Keysight Technologies in the 1st quarter valued at $31,000. American National Bank & Trust acquired a new stake in Keysight Technologies during the 3rd quarter valued at $31,000. Finally, GPS Wealth Strategies Group LLC boosted its position in 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 period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Up 1.7 %

KEYS stock traded up $2.54 during mid-day trading on Friday, reaching $151.55. The company’s stock had a trading volume of 1,014,004 shares, compared to its average volume of 1,176,073. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $162.51. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The company has a market cap of $26.30 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97. The business’s 50 day moving average price is $153.63 and its 200 day moving average price is $145.17.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 earnings per share. On average, equities research analysts predict that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KEYS shares. Robert W. Baird cut their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their target price on 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 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, Susquehanna dropped 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Insider Activity

In related 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 value of $254,592.00. Following the sale, the director now owns 42,160 shares in the company, valued at $6,576,960. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

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.