Huntington National Bank grew its holdings in Keysight Technologies Inc (NYSE:KEYS) by 98.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,311 shares of the scientific and technical instruments company’s stock after purchasing an additional 650 shares during the quarter. Huntington National Bank’s holdings in Keysight Technologies were worth $127,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Advisors Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $30,000. Squar Milner Financial Services LLC raised its position in shares of Keysight Technologies by 328.4% in the 3rd quarter. Squar Milner Financial Services LLC now owns 317 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 243 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $35,000. Flagship Harbor Advisors LLC raised its position in shares of Keysight Technologies by 165.7% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 372 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 232 shares during the period. Finally, CWM LLC raised its position in shares of Keysight Technologies by 69.3% in the 3rd quarter. CWM LLC now owns 381 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 156 shares during the period. 86.59% of the stock is currently owned by institutional investors.
KEYS stock traded up $1.53 during mid-day trading on Friday, hitting $105.25. 692,262 shares of the company were exchanged, compared to its average volume of 1,719,299. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.56 and a current ratio of 2.05. The firm has a market cap of $19.53 billion, a P/E ratio of 35.08, a P/E/G ratio of 2.26 and a beta of 1.27. The firm’s 50 day simple moving average is $99.00 and its 200 day simple moving average is $90.64. Keysight Technologies Inc has a 1-year low of $53.21 and a 1-year high of $105.62.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.95 by $0.22. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.04 billion. Keysight Technologies had a net margin of 7.38% and a return on equity of 28.65%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. On average, equities research analysts predict that Keysight Technologies Inc will post 4.23 EPS for the current fiscal year.
In other Keysight Technologies news, SVP Jay Alexander sold 18,067 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $94.01, for a total transaction of $1,698,478.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Satish Dhanasekaran sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $96.56, for a total transaction of $251,056.00. Following the sale, the senior vice president now owns 33,140 shares in the company, valued at $3,199,998.40. The disclosure for this sale can be found here. Insiders have sold a total of 24,167 shares of company stock worth $2,299,535 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.
KEYS has been the topic of a number of analyst reports. Goldman Sachs Group downgraded shares of Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 price target on the stock. in a research report on Sunday, July 21st. Barclays initiated coverage on shares of Keysight Technologies in a research report on Wednesday, August 7th. They issued an “overweight” rating and a $103.00 price target on the stock. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Robert W. Baird upgraded shares of Keysight Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $82.00 to $100.00 in a research report on Thursday, August 22nd. Finally, Citigroup set a $100.00 target price on shares of Keysight Technologies and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Keysight Technologies has an average rating of “Buy” and a consensus price target of $100.70.
Keysight Technologies Company Profile
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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