Keysight Technologies Inc (NYSE:KEYS) SVP Jay Alexander sold 12,922 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $54.67, for a total value of $706,445.74. Following the completion of the transaction, the senior vice president now directly owns 70,120 shares of the company’s stock, valued at $3,833,460.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Keysight Technologies Inc (NYSE KEYS) traded down $0.29 during mid-day trading on Wednesday, hitting $53.58. The stock had a trading volume of 943,207 shares, compared to its average volume of 944,568. The company has a current ratio of 2.57, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The firm has a market cap of $10,030.00, a P/E ratio of -49.61 and a beta of 1.19. Keysight Technologies Inc has a twelve month low of $35.05 and a twelve month high of $55.21.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.19. Keysight Technologies had a return on equity of 18.19% and a net margin of 2.64%. The business had revenue of $837.00 million during the quarter, compared to the consensus estimate of $805.96 million. During the same period in the prior year, the company posted $0.57 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. research analysts forecast that Keysight Technologies Inc will post 2.69 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of KEYS. Invictus RG purchased a new stake in shares of Keysight Technologies during the third quarter worth approximately $111,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $121,000. Cerebellum GP LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $125,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $168,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Keysight Technologies during the second quarter worth approximately $207,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.
A number of brokerages have issued reports on KEYS. Jefferies Group reissued a “buy” rating and issued a $62.00 price target on shares of Keysight Technologies in a report on Wednesday, March 7th. They noted that the move was a valuation call. Barclays upped their target price on Keysight Technologies from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 7th. Robert W. Baird reaffirmed an “outperform” rating and set a $60.00 target price (up from $52.00) on shares of Keysight Technologies in a research note on Thursday, March 8th. Credit Suisse Group upped their target price on Keysight Technologies from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, March 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 target price on shares of Keysight Technologies in a research note on Friday, December 8th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Keysight Technologies presently has a consensus rating of “Buy” and an average target price of $55.50.
About Keysight Technologies
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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