Keysight (KEYS) SVP Sells $706,445.74 in Stock

Keysight (NYSE:KEYS) SVP Jay Alexander sold 12,922 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $54.67, for a total transaction of $706,445.74. Following the transaction, the senior vice president now owns 70,120 shares of the company’s stock, valued at approximately $3,833,460.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Keysight stock opened at $50.57 on Friday. Keysight has a 1-year low of $35.05 and a 1-year high of $55.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.57 and a quick ratio of 1.88. The company has a market capitalization of $9,889.50, a PE ratio of 23.34 and a beta of 1.00.

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Keysight (NYSE:KEYS) last posted its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. Keysight had a net margin of 2.64% and a return on equity of 18.19%. The business had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $805.96 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. equities analysts forecast that Keysight will post 2.7 earnings per share for the current fiscal year.

Keysight announced that its board has authorized a stock repurchase plan on Tuesday, March 6th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Keysight from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, March 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $54.00 price objective (up previously from $49.50) on shares of Keysight in a report on Friday, March 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $52.00 price objective (up previously from $50.00) on shares of Keysight in a report on Friday, March 2nd. Stifel Nicolaus reiterated a “hold” rating on shares of Keysight in a report on Friday, March 2nd. Finally, Barclays increased their price objective on shares of Keysight from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $55.50.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Keysight by 1.5% in the 4th quarter. BlackRock Inc. now owns 15,522,212 shares of the scientific and technical instruments company’s stock valued at $645,724,000 after buying an additional 223,294 shares during the period. American Century Companies Inc. boosted its position in shares of Keysight by 52.5% during the 4th quarter. American Century Companies Inc. now owns 7,596,674 shares of the scientific and technical instruments company’s stock worth $316,022,000 after purchasing an additional 2,613,683 shares during the period. Victory Capital Management Inc. boosted its position in shares of Keysight by 8.3% during the 4th quarter. Victory Capital Management Inc. now owns 4,301,488 shares of the scientific and technical instruments company’s stock worth $178,942,000 after purchasing an additional 328,386 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Keysight by 13.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,628,761 shares of the scientific and technical instruments company’s stock worth $109,514,000 after purchasing an additional 309,437 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of Keysight by 6.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,281,913 shares of the scientific and technical instruments company’s stock worth $94,928,000 after purchasing an additional 129,969 shares during the period. 88.65% of the stock is owned by institutional investors and hedge funds.

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Keysight Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

Insider Buying and Selling by Quarter for Keysight (NYSE:KEYS)

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