First Quadrant L P CA purchased a new position in Keysight Technologies Inc (NYSE:KEYS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,466 shares of the scientific and technical instruments company’s stock, valued at approximately $128,000.
Other hedge funds have also bought and sold shares of the company. Kaizen Advisory LLC purchased a new position in shares of Keysight Technologies during the fourth quarter valued at $32,000. Sun Life Financial INC bought a new stake in Keysight Technologies during the fourth quarter valued at about $32,000. First Personal Financial Services bought a new stake in Keysight Technologies during the first quarter valued at about $46,000. Parkside Financial Bank & Trust boosted its position in Keysight Technologies by 41.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 154 shares in the last quarter. Finally, Guardian Life Insurance Co. of America bought a new stake in Keysight Technologies during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 88.55% of the company’s stock.
Shares of NYSE:KEYS traded up $0.40 during trading on Wednesday, hitting $75.76. The stock had a trading volume of 1,489,400 shares, compared to its average volume of 1,736,362. Keysight Technologies Inc has a 12-month low of $52.67 and a 12-month high of $93.77. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 25.25 and a beta of 1.14. The company has a quick ratio of 1.36, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $978.22 million. Keysight Technologies had a return on equity of 25.15% and a net margin of 4.57%. As a group, equities analysts anticipate that Keysight Technologies Inc will post 3.66 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Robert W. Baird downgraded Keysight Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $82.00 in a research report on Monday. Jefferies Financial Group raised their price objective on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Stifel Nicolaus raised their price target on Keysight Technologies from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Citigroup raised Keysight Technologies to a “top pick” rating and set a $100.00 price target for the company in a report on Friday, February 22nd. Finally, Zacks Investment Research downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $89.33.
In other news, CFO Neil Dougherty sold 42,133 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $84.85, for a total value of $3,574,985.05. Following the completion of the sale, the chief financial officer now directly owns 77,217 shares in the company, valued at $6,551,862.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Adam Wallace sold 4,775 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $85.65, for a total value of $408,978.75. The disclosure for this sale can be found here. Insiders sold 99,707 shares of company stock valued at $8,455,884 over the last 90 days. Company insiders own 0.65% of the company’s stock.
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Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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