Gateway Investment Advisers LLC cut its holdings in Keysight Technologies Inc (NYSE:KEYS) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,378 shares of the scientific and technical instruments company’s stock after selling 449 shares during the period. Gateway Investment Advisers LLC’s holdings in Keysight Technologies were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of Keysight Technologies by 2.5% in 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 buying an additional 421,861 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Keysight Technologies by 21.5% in 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 buying an additional 962,129 shares during the period. American Century Companies Inc. boosted its stake in Keysight Technologies by 3.3% during the 4th quarter. American Century Companies Inc. now owns 4,121,035 shares of the scientific and technical instruments company’s stock valued at $255,834,000 after purchasing an additional 133,459 shares during the last quarter. Geode Capital Management LLC boosted its stake in Keysight Technologies by 48.2% during the 4th quarter. Geode Capital Management LLC now owns 2,678,128 shares of the scientific and technical instruments company’s stock valued at $165,994,000 after purchasing an additional 871,373 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Keysight Technologies by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,459,205 shares of the scientific and technical instruments company’s stock valued at $152,668,000 after purchasing an additional 208,662 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE KEYS opened at $88.30 on Thursday. Keysight Technologies Inc has a twelve month low of $50.59 and a twelve month high of $92.99. The company has a market capitalization of $17.02 billion, a PE ratio of 29.43 and a beta of 1.17. The company has a current ratio of 1.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $978.22 million. On average, analysts forecast that Keysight Technologies Inc will post 3.66 EPS for the current fiscal year.
KEYS has been the subject of a number of analyst reports. TheStreet upgraded Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. Jefferies Financial Group lifted their price target on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Stifel Nicolaus lifted their price target on Keysight Technologies from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Tuesday, February 5th. Finally, Deutsche Bank lifted their price target on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Keysight Technologies presently has an average rating of “Buy” and a consensus price target of $86.11.
In related news, SVP Jay Alexander sold 17,342 shares of Keysight Technologies stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $84.52, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neil Dougherty sold 42,133 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $84.85, for a total transaction of $3,574,985.05. Following the completion of the sale, the chief financial officer now directly owns 77,217 shares in the company, valued at approximately $6,551,862.45. The disclosure for this sale can be found here. Insiders sold a total of 99,707 shares of company stock worth $8,455,884 in the last 90 days. Company insiders own 0.65% of the company’s stock.
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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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