Toth Financial Advisory Corp acquired a new stake in Keysight Technologies Inc (NYSE:KEYS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,000 shares of the scientific and technical instruments company’s stock, valued at approximately $349,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. acquired a new stake in shares of Keysight Technologies in the first quarter valued at $325,000. Retirement Systems of Alabama grew its stake in shares of Keysight Technologies by 1.1% in the first quarter. Retirement Systems of Alabama now owns 87,424 shares of the scientific and technical instruments company’s stock valued at $7,623,000 after buying an additional 974 shares in the last quarter. W.E. Donoghue & Co. LLC acquired a new stake in shares of Keysight Technologies in the first quarter valued at $2,743,000. Scout Investments Inc. grew its stake in shares of Keysight Technologies by 3.0% in the first quarter. Scout Investments Inc. now owns 932,667 shares of the scientific and technical instruments company’s stock valued at $81,329,000 after buying an additional 27,239 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Keysight Technologies in the first quarter valued at $200,000. 89.25% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Jay Alexander sold 17,342 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $84.52, for a total transaction of $1,465,745.84. Following the sale, the senior vice president now owns 78,720 shares of the company’s stock, valued at approximately $6,653,414.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Adam Wallace sold 4,775 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $85.65, for a total value of $408,978.75. The disclosure for this sale can be found here. Insiders have sold a total of 99,707 shares of company stock worth $8,455,884 in the last quarter. 0.65% of the stock is currently owned by insiders.
Shares of KEYS stock opened at $91.70 on Tuesday. The stock has a market capitalization of $17.24 billion, a P/E ratio of 30.57 and a beta of 1.17. Keysight Technologies Inc has a 52-week low of $50.59 and a 52-week high of $92.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.82.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Keysight Technologies had a return on equity of 25.15% and a net margin of 4.57%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.22 million. As a group, equities research analysts forecast that Keysight Technologies Inc will post 3.66 EPS for the current fiscal year.
A number of research analysts recently issued reports on KEYS shares. Zacks Investment Research lowered Keysight Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Jefferies Financial Group lifted their target price on Keysight Technologies to $100.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 28th. TheStreet raised Keysight Technologies from a “c+” rating to an “a-” rating in a report on Thursday, February 21st. Finally, Stifel Nicolaus lifted their price target on Keysight Technologies from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $86.11.
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About Keysight Technologies
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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