FDx Advisors Inc. grew its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 99.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,923 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,453 shares during the quarter. FDx Advisors Inc.’s holdings in Keysight Technologies were worth $459,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. ELM Advisors LLC acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth $101,000. Dupont Capital Management Corp acquired a new stake in shares of Keysight Technologies during the 2nd quarter worth $102,000. Qube Research & Technologies Ltd acquired a new stake in shares of Keysight Technologies during the 2nd quarter worth $120,000. Smithfield Trust Co. increased its holdings in shares of Keysight Technologies by 2,786.7% during the 3rd quarter. Smithfield Trust Co. now owns 2,165 shares of the scientific and technical instruments company’s stock worth $143,000 after buying an additional 2,090 shares during the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth $149,000. 86.07% of the stock is currently owned by institutional investors.
Shares of NYSE KEYS opened at $60.98 on Thursday. Keysight Technologies Inc has a 12-month low of $41.33 and a 12-month high of $70.40. The firm has a market capitalization of $11.43 billion, a P/E ratio of 20.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.63 and a quick ratio of 1.20.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.12. Keysight Technologies had a return on equity of 22.80% and a net margin of 4.25%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, analysts forecast that Keysight Technologies Inc will post 3.5 earnings per share for the current year.
A number of analysts have recently commented on KEYS shares. Deutsche Bank upped their price objective on Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a report on Friday, August 24th. Stifel Nicolaus initiated coverage on Keysight Technologies in a report on Monday, October 22nd. They issued a “buy” rating and a $73.00 price target for the company. Goldman Sachs Group upgraded Keysight Technologies from a “neutral” rating to a “buy” rating in a report on Thursday, October 18th. Finally, Credit Suisse Group increased their price target on Keysight Technologies from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $71.22.
In other news, SVP Ingrid A. Estrada sold 15,462 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $62.26, for a total transaction 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 $5,735,453.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neil Dougherty sold 3,999 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,508 shares of company stock valued at $13,389,170. 0.97% of the stock is owned by insiders.
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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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