Stokes Family Office LLC Invests $226,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Stokes Family Office LLC purchased a new position in Keysight Technologies, Inc. (NYSE:KEYS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,422 shares of the scientific and technical instruments company’s stock, valued at approximately $226,000.

Other hedge funds have also modified their holdings of the company. Jennison Associates LLC bought a new stake in Keysight Technologies in the fourth quarter worth $395,789,000. Van ECK Associates Corp boosted its holdings in Keysight Technologies by 105.5% in the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock worth $379,134,000 after purchasing an additional 1,223,694 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Keysight Technologies by 14,134.3% in the third quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company’s stock worth $41,641,000 after purchasing an additional 312,509 shares in the last quarter. Findlay Park Partners LLP boosted its holdings in Keysight Technologies by 35.8% in the third quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company’s stock worth $149,123,000 after purchasing an additional 297,147 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Keysight Technologies by 16.6% in the third quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock worth $229,203,000 after purchasing an additional 247,250 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Stock Performance

Shares of KEYS traded up $2.19 during trading hours on Friday, reaching $149.18. 577,178 shares of the company traded hands, compared to its average volume of 1,187,911. The stock’s fifty day moving average is $152.59 and its 200 day moving average is $147.24. The stock has a market cap of $26.04 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 6.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. Equities research analysts anticipate that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KEYS shares. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Citigroup upped their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Barclays upped their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $160.63.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the transaction, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Keysight Technologies Company 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.