Vestcor Investment Management Corp bought a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,253 shares of the scientific and technical instruments company’s stock, valued at approximately $334,000.
Other institutional investors have also recently made changes to their positions in the company. Quantum Capital Management purchased a new position in Keysight Technologies during the 3rd quarter valued at about $28,000. FIL Ltd boosted its holdings in Keysight Technologies by 3,106.7% during the 4th quarter. FIL Ltd now owns 481 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 466 shares during the period. Allred Capital Management LLC purchased a new position in Keysight Technologies during the 4th quarter valued at about $50,000. Signaturefd LLC boosted its holdings in Keysight Technologies by 36.6% during the 4th quarter. Signaturefd LLC now owns 489 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 131 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in Keysight Technologies by 402.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 502 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 402 shares during the period. Institutional investors own 86.68% of the company’s stock.
A number of brokerages recently commented on KEYS. Stifel Nicolaus raised their target price on Keysight Technologies from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 price objective (up previously from $110.00) on shares of Keysight Technologies in a research note on Wednesday, November 27th. ValuEngine upgraded Keysight Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Bank of America initiated coverage on Keysight Technologies in a research note on Monday, November 18th. They issued a “neutral” rating and a $115.00 price objective for the company. Finally, Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Keysight Technologies in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $110.90.
In other news, CFO Neil Dougherty sold 23,254 shares of Keysight Technologies stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $103.19, for a total value of $2,399,580.26. Following the completion of the transaction, the chief financial officer now owns 92,530 shares in the company, valued at approximately $9,548,170.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company’s stock.
Shares of KEYS traded up $9.67 during midday trading on Friday, hitting $92.03. The company had a trading volume of 2,392,561 shares, compared to its average volume of 2,475,675. The company’s 50-day simple moving average is $95.74 and its 200-day simple moving average is $99.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.64 and a current ratio of 3.39. The firm has a market capitalization of $15.43 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.83 and a beta of 1.10. Keysight Technologies Inc has a 1 year low of $71.03 and a 1 year high of $110.00.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Monday, February 24th. The scientific and technical instruments company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.28. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Keysight Technologies had a return on equity of 29.65% and a net margin of 15.26%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Equities analysts predict that Keysight Technologies Inc will post 4.94 earnings per share for the current fiscal year.
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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