Oakbrook Investments LLC cut its stake in shares of Keysight Technologies Inc (NYSE:KEYS) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,000 shares of the scientific and technical instruments company’s stock after selling 2,860 shares during the quarter. Oakbrook Investments LLC’s holdings in Keysight Technologies were worth $1,055,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KEYS. Ipswich Investment Management Co. Inc. purchased a new position in Keysight Technologies in the fourth quarter valued at approximately $37,000. ELM Advisors LLC acquired a new stake in Keysight Technologies in the third quarter valued at approximately $101,000. TLP Group LLC acquired a new stake in shares of Keysight Technologies during the third quarter worth approximately $106,000. Smithfield Trust Co. grew its position in shares of Keysight Technologies by 2,786.7% during the third quarter. Smithfield Trust Co. now owns 2,165 shares of the scientific and technical instruments company’s stock worth $143,000 after buying an additional 2,090 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Keysight Technologies during the third quarter worth approximately $149,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on KEYS. Zacks Investment Research downgraded shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 24th. Stifel Nicolaus began coverage on Keysight Technologies in a research note on Monday, October 22nd. They set a “buy” rating and a $73.00 target price on the stock. TheStreet lowered Keysight Technologies from an “a-” rating to a “c+” rating in a report on Tuesday, November 20th. ValuEngine upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Finally, Goldman Sachs Group upgraded Keysight Technologies from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $73.00.
Keysight Technologies stock traded up $1.15 on Monday, reaching $78.01. The company’s stock had a trading volume of 1,872,946 shares, compared to its average volume of 1,810,654. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.63. The firm has a market cap of $14.43 billion, a P/E ratio of 26.00 and a beta of 1.13. Keysight Technologies Inc has a twelve month low of $43.49 and a twelve month high of $78.29.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. Keysight Technologies had a return on equity of 22.80% and a net margin of 4.25%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. On average, equities research analysts predict that Keysight Technologies Inc will post 3.5 earnings per share for the current year.
In other Keysight Technologies news, SVP Stephen D. Williams sold 17,752 shares of the stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $57.16, for a total value of $1,014,704.32. Following the transaction, the senior vice president now owns 56,986 shares of the company’s stock, valued at $3,257,319.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ingrid A. Estrada sold 15,462 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $62.26, for a total value of $962,664.12. Following the completion of the transaction, the senior vice president now directly owns 92,121 shares in the company, valued at approximately $5,735,453.46. The disclosure for this sale can be found here. Insiders have sold 249,925 shares of company stock worth $14,923,747 in the last ninety days. 0.65% of the stock is currently owned by insiders.
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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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