Wealthfront Advisers LLC raised its stake in Keysight Technologies Inc (NYSE:KEYS) by 2.6% in the 1st quarter, HoldingsChannel reports. The firm owned 12,464 shares of the scientific and technical instruments company’s stock after acquiring an additional 315 shares during the quarter. Wealthfront Advisers LLC’s holdings in Keysight Technologies were worth $1,087,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of KEYS. Securian Asset Management Inc increased its position in shares of Keysight Technologies by 0.9% during the first quarter. Securian Asset Management Inc now owns 19,454 shares of the scientific and technical instruments company’s stock worth $1,696,000 after acquiring an additional 175 shares in the last quarter. Dean Investment Associates LLC increased its position in shares of Keysight Technologies by 1.0% during the fourth quarter. Dean Investment Associates LLC now owns 18,332 shares of the scientific and technical instruments company’s stock worth $1,138,000 after acquiring an additional 183 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Keysight Technologies by 1.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the scientific and technical instruments company’s stock worth $970,000 after acquiring an additional 201 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Keysight Technologies by 37.4% during the first quarter. Parallel Advisors LLC now owns 860 shares of the scientific and technical instruments company’s stock worth $75,000 after acquiring an additional 234 shares in the last quarter. Finally, ETF Managers Group LLC grew its position in Keysight Technologies by 9.7% in the 1st quarter. ETF Managers Group LLC now owns 2,731 shares of the scientific and technical instruments company’s stock worth $238,000 after purchasing an additional 242 shares in the last quarter. 85.68% of the stock is owned by hedge funds and other institutional investors.
KEYS stock traded down $1.04 during trading on Friday, reaching $83.79. The stock had a trading volume of 39,340 shares, compared to its average volume of 2,413,892. Keysight Technologies Inc has a one year low of $53.21 and a one year high of $93.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 1.90. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.17 and a beta of 1.22.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.31. Keysight Technologies had a net margin of 6.61% and a return on equity of 27.06%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that Keysight Technologies Inc will post 3.88 EPS for the current fiscal year.
Keysight Technologies declared that its board has authorized a share buyback plan on Wednesday, May 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a research report on Tuesday, June 4th. Deutsche Bank reduced their price objective on shares of Keysight Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. TheStreet raised shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research report on Thursday, February 21st. Credit Suisse Group upped their price objective on shares of Keysight Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 22nd. Finally, Dougherty & Co reaffirmed a “sell” rating on shares of Keysight Technologies in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $94.29.
In other Keysight Technologies news, SVP Mark Pierpoint sold 13,618 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $75.15, for a total value of $1,023,392.70. Following the transaction, the senior vice president now directly owns 47,533 shares in the company, valued at $3,572,104.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Cullen sold 16,268 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $75.50, for a total transaction of $1,228,234.00. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at $1,914,755.50. The disclosure for this sale can be found here. 0.65% of the stock is 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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