First Quadrant L P CA cut its holdings in Keysight Technologies Inc. (NYSE:KEYS) by 95.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,714 shares of the scientific and technical instruments company’s stock after selling 298,371 shares during the quarter. First Quadrant L P CA’s holdings in Keysight Technologies were worth $613,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware purchased a new stake in Keysight Technologies in the second quarter worth about $100,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Keysight Technologies by 171.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock worth $137,000 after acquiring an additional 2,400 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Keysight Technologies in the second quarter worth about $207,000. Creative Planning lifted its stake in Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after acquiring an additional 63 shares during the period. Finally, Starfire Investment Advisers Inc. purchased a new stake in Keysight Technologies in the second quarter worth about $214,000. 87.92% of the stock is owned by institutional investors.
Several analysts have commented on KEYS shares. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of Keysight Technologies in a research report on Friday, July 21st. Barclays PLC started coverage on shares of Keysight Technologies in a research report on Monday, August 7th. They set an “overweight” rating and a $50.00 price target for the company. BidaskClub lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Robert W. Baird reissued a “buy” rating and set a $47.00 price target on shares of Keysight Technologies in a research report on Friday, August 25th. Finally, Credit Suisse Group increased their price target on shares of Keysight Technologies from $45.50 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Keysight Technologies currently has an average rating of “Buy” and an average price target of $47.33.
Keysight Technologies Inc. (NYSE:KEYS) opened at $44.32 on Tuesday. Keysight Technologies Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $45.65. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.92. The stock has a market cap of $8,240.00, a PE ratio of 20.25, a PEG ratio of 2.28 and a beta of 1.22.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm had revenue of $832.00 million for the quarter, compared to the consensus estimate of $862.38 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. sell-side analysts forecast that Keysight Technologies Inc. will post 2.2 EPS for the current year.
In other news, VP John C. Skinner sold 15,058 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ronald S. Nersesian sold 58,931 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.
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Keysight Technologies Company Profile
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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