Insider Selling: Keysight Technologies Inc. (KEYS) Insider Sells 58,931 Shares of Stock
Keysight Technologies Inc. (NYSE:KEYS) insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total value of $2,453,886.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Keysight Technologies Inc. (KEYS) traded up 0.47% during midday trading on Wednesday, hitting $42.37. The company had a trading volume of 344,362 shares. The stock has a 50 day moving average price of $40.76 and a 200 day moving average price of $39.39. The firm has a market capitalization of $7.88 billion, a P/E ratio of 32.32 and a beta of 1.15. Keysight Technologies Inc. has a 1-year low of $30.93 and a 1-year high of $43.15.
Keysight Technologies (NYSE:KEYS) last issued its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07. The company had revenue of $832.00 million during the quarter, compared to the consensus estimate of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. Keysight Technologies’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. On average, equities analysts anticipate that Keysight Technologies Inc. will post $2.47 EPS for the current fiscal year.
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A number of equities analysts have recently commented on the company. Barclays PLC assumed coverage on Keysight Technologies in a report on Monday, August 7th. They issued an “overweight” rating and a $50.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Keysight Technologies in a report on Friday, July 21st. Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 price target on shares of Keysight Technologies in a report on Friday, October 6th. BidaskClub raised Keysight Technologies from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price target on shares of Keysight Technologies in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.11.
Institutional investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware bought a new position in Keysight Technologies in the 2nd quarter worth $100,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Keysight Technologies by 171.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock worth $137,000 after buying an additional 2,400 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Keysight Technologies in the 2nd quarter worth $207,000. Creative Planning boosted its holdings in Keysight Technologies by 1.2% in the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 63 shares during the period. Finally, Starfire Investment Advisers Inc. bought a new position in Keysight Technologies in the 2nd quarter worth $214,000. 88.06% of the stock is owned by institutional investors.
Keysight Technologies Company Profile
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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