Meridian Management Co. Increases Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Meridian Management Co. boosted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,225 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,321 shares during the quarter. Meridian Management Co.’s holdings in Keysight Technologies were worth $3,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of KEYS. Meeder Asset Management Inc. purchased a new position in shares of Keysight Technologies during the second quarter worth approximately $27,000. Family Firm Inc. purchased a new position in shares of Keysight Technologies during the second quarter worth approximately $30,000. American National Bank & Trust purchased a new position in shares of Keysight Technologies during the third quarter worth approximately $31,000. GPS Wealth Strategies Group LLC raised its stake in shares of 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 acquiring an additional 184 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Keysight Technologies by 842.4% during the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock worth $43,000 after acquiring an additional 278 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the business’s 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 sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KEYS shares. Susquehanna decreased their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. Bank of America lifted their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. Robert W. Baird decreased their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.89.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $163.75 on Tuesday. The stock has a market cap of $28.42 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 4.89 and a beta of 0.98. The firm’s fifty day simple moving average is $154.49 and its 200 day simple moving average is $145.70. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $166.28. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last released its quarterly 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 earnings per share. As a group, research analysts predict that Keysight Technologies, Inc. will post 5.43 EPS for the current 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.