Trueblood Wealth Management LLC Takes $393,000 Position in Keysight Technologies, Inc. (NYSE:KEYS)

Trueblood Wealth Management LLC bought a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,470 shares of the scientific and technical instruments company’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. RHS Financial LLC purchased a new position in Keysight Technologies during the 4th quarter worth $262,000. Elk River Wealth Management LLC lifted its holdings in shares of Keysight Technologies by 0.5% in the 4th quarter. Elk River Wealth Management LLC now owns 29,291 shares of the scientific and technical instruments company’s stock valued at $4,660,000 after buying an additional 145 shares during the period. Planned Solutions Inc. acquired a new position in shares of Keysight Technologies in the 4th quarter valued at about $107,000. IFG Advisory LLC purchased a new position in shares of Keysight Technologies in the 4th quarter valued at about $3,179,000. Finally, Schechter Investment Advisors LLC purchased a new position in shares of Keysight Technologies in the 4th quarter valued at about $234,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KEYS shares. Barclays boosted their price objective on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Citigroup boosted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. TheStreet upgraded Keysight Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Finally, JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Keysight Technologies currently has an average rating of “Hold” and a consensus target price of $160.63.

Keysight Technologies Price Performance

Shares of KEYS stock traded up $0.54 during trading hours on Thursday, reaching $156.38. The company had a trading volume of 1,322,548 shares, compared to its average volume of 1,238,340. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The stock has a fifty day moving average of $154.25 and a 200-day moving average of $143.50. The company has a market capitalization of $27.30 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 6.98 and a beta of 1.05. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $1.72 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Keysight Technologies, Inc. will post 5.39 earnings per share for the current year.

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.