Keysight Technologies Inc (NYSE:KEYS) SVP Ingrid A. Estrada sold 15,462 shares of Keysight Technologies stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $62.26, for a total value of $962,664.12. Following the completion of the sale, the senior vice president now directly owns 92,121 shares in the company, valued at approximately $5,735,453.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NYSE KEYS opened at $60.98 on Thursday. The company has a market cap of $11.59 billion, a PE ratio of 20.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.63. Keysight Technologies Inc has a fifty-two week low of $41.33 and a fifty-two week high of $70.40.
Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.12. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. Keysight Technologies had a return on equity of 22.80% and a net margin of 4.25%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, equities analysts expect that Keysight Technologies Inc will post 3.5 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Keysight Technologies by 1.4% during the 3rd quarter. BlackRock Inc. now owns 17,742,617 shares of the scientific and technical instruments company’s stock valued at $1,175,982,000 after purchasing an additional 247,405 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Keysight Technologies by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 17,295,881 shares of the scientific and technical instruments company’s stock valued at $1,146,370,000 after purchasing an additional 421,861 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Keysight Technologies by 21.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,442,341 shares of the scientific and technical instruments company’s stock valued at $360,718,000 after purchasing an additional 962,129 shares during the last quarter. Northern Trust Corp increased its position in shares of Keysight Technologies by 8.5% during the 2nd quarter. Northern Trust Corp now owns 1,771,996 shares of the scientific and technical instruments company’s stock valued at $104,602,000 after purchasing an additional 138,686 shares during the last quarter. Finally, Carillon Tower Advisers Inc. boosted its holdings in Keysight Technologies by 13.8% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,494,469 shares of the scientific and technical instruments company’s stock valued at $99,053,000 after acquiring an additional 181,248 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on KEYS. Zacks Investment Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a research note on Thursday, November 29th. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. TheStreet downgraded Keysight Technologies from an “a-” rating to a “c+” rating in a research note on Tuesday, November 20th. Jefferies Financial Group lifted their price objective on Keysight Technologies from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, Stifel Nicolaus initiated coverage on Keysight Technologies in a research note on Monday, October 22nd. They issued a “buy” rating and a $73.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $71.22.
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About Keysight Technologies
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.
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