Stone Ridge Asset Management LLC acquired a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 72,111 shares of the scientific and technical instruments company’s stock, valued at approximately $3,000,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invictus RG purchased a new stake in shares of Keysight Technologies during the third quarter valued at approximately $111,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter valued at approximately $121,000. Cerebellum GP LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter valued at approximately $125,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Keysight Technologies during the fourth quarter valued at approximately $168,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Keysight Technologies during the second quarter valued at approximately $207,000. Institutional investors own 88.66% of the company’s stock.
A number of analysts have recently issued reports on KEYS shares. Jefferies Group reiterated a “buy” rating and set a $62.00 price objective on shares of Keysight Technologies in a research note on Wednesday, March 7th. They noted that the move was a valuation call. Barclays set a $53.00 price objective on shares of Keysight Technologies and gave the company a “buy” rating in a research note on Sunday, March 4th. Deutsche Bank lifted their price target on shares of Keysight Technologies to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, December 13th. Finally, ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $55.50.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $837.00 million during the quarter, compared to analyst estimates of $805.96 million. Keysight Technologies had a net margin of 2.64% and a return on equity of 18.19%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. analysts expect that Keysight Technologies Inc will post 2.69 EPS for the current year.
Keysight Technologies declared that its board has approved a share repurchase program on Tuesday, March 6th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
In other Keysight Technologies news, VP John C. Skinner sold 9,843 shares of Keysight Technologies stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total value of $413,799.72. Following the completion of the transaction, the vice president now owns 29,198 shares of the company’s stock, valued at $1,227,483.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Adam Wallace sold 34,803 shares of Keysight Technologies stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $52.65, for a total transaction of $1,832,377.95. Following the completion of the transaction, the senior vice president now directly owns 171,187 shares of the company’s stock, valued at approximately $9,012,995.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,308 shares of company stock valued at $10,072,992. 0.97% of the stock is currently owned by corporate insiders.
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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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