M&R Capital Management Inc. reduced its position in Keysight Technologies, Inc. (NYSE:KEYS) by 87.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 599 shares of the scientific and technical instruments company’s stock after selling 4,261 shares during the period. M&R Capital Management Inc.’s holdings in Keysight Technologies were worth $85,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Legacy Wealth Asset Management LLC bought a new position in shares of Keysight Technologies during the fourth quarter worth approximately $303,000. DekaBank Deutsche Girozentrale increased its stake in Keysight Technologies by 41.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 571,873 shares of the scientific and technical instruments company’s stock valued at $75,273,000 after acquiring an additional 166,232 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in Keysight Technologies by 22.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 397,477 shares of the scientific and technical instruments company’s stock valued at $52,504,000 after acquiring an additional 72,967 shares during the last quarter. Tealwood Asset Management Inc. bought a new position in Keysight Technologies in the fourth quarter valued at approximately $1,311,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Keysight Technologies in the fourth quarter valued at approximately $1,958,000. Institutional investors and hedge funds own 84.88% of the company’s stock.
In related news, COO Satish Dhanasekaran sold 2,490 shares of Keysight Technologies stock in a transaction on Monday, March 29th. The shares were sold at an average price of $142.18, for a total transaction of $354,028.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Thursday, February 18th. The scientific and technical instruments company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. Keysight Technologies had a net margin of 14.85% and a return on equity of 25.76%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $1.26 earnings per share. Sell-side analysts forecast that Keysight Technologies, Inc. will post 5.17 EPS for the current year.
A number of analysts have weighed in on KEYS shares. Barclays raised their target price on shares of Keysight Technologies from $135.00 to $161.00 and gave the company an “overweight” rating in a research report on Thursday, January 14th. UBS Group raised their target price on shares of Keysight Technologies from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 15th. Citigroup raised their target price on shares of Keysight Technologies from $130.00 to $175.00 in a research report on Friday, January 22nd. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $135.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 5th. Finally, Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research report on Monday, February 22nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $149.09.
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test instruments; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.
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