Keysight Technologies Inc. (KEYS) Short Interest Update
Keysight Technologies Inc. (NYSE:KEYS) was the recipient of a significant drop in short interest in October. As of October 13th, there was short interest totalling 2,266,344 shares, a drop of 30.7% from the September 29th total of 3,271,998 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 539,066 shares, the short-interest ratio is currently 4.2 days.
Keysight Technologies (NYSE KEYS) opened at 44.67 on Wednesday. The company’s 50-day moving average is $42.01 and its 200-day moving average is $40.12. Keysight Technologies has a 52 week low of $31.81 and a 52 week high of $44.79. The company has a market cap of $8.31 billion, a P/E ratio of 34.07 and a beta of 1.15.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The business had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. On average, analysts anticipate that Keysight Technologies will post $2.47 EPS for the current fiscal year.
KEYS has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Keysight Technologies in a research note on Tuesday, July 4th. BidaskClub raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Keysight Technologies in a research note on Friday, July 21st. Barclays PLC initiated coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They set an “overweight” rating and a $50.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $47.00 price target on shares of Keysight Technologies in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.33.
In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $41.64, for a total transaction of $2,453,886.84. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of KEYS. Ameriprise Financial Inc. raised its holdings in Keysight Technologies by 123.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,601,505 shares of the scientific and technical instruments company’s stock worth $62,351,000 after purchasing an additional 885,896 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in Keysight Technologies by 23.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 4,516,498 shares of the scientific and technical instruments company’s stock worth $176,143,000 after purchasing an additional 849,245 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Keysight Technologies in the 2nd quarter worth $27,072,000. BlackRock Inc. raised its holdings in Keysight Technologies by 4.5% in the 2nd quarter. BlackRock Inc. now owns 15,193,717 shares of the scientific and technical instruments company’s stock worth $591,492,000 after purchasing an additional 650,968 shares in the last quarter. Finally, Scout Investments Inc. bought a new position in Keysight Technologies in the 2nd quarter worth $23,017,000. Institutional investors and hedge funds own 88.07% of the company’s stock.
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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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