Parkside Financial Bank & Trust increased its position in shares of Keysight Technologies Inc (NYSE:KEYS) by 53.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 808 shares of the scientific and technical instruments company’s stock after buying an additional 281 shares during the period. Parkside Financial Bank & Trust’s holdings in Keysight Technologies were worth $70,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC acquired a new position in Keysight Technologies during the 1st quarter worth $29,000. Sun Life Financial INC acquired a new position in Keysight Technologies during the 4th quarter worth $32,000. Kaizen Advisory LLC acquired a new position in Keysight Technologies during the 4th quarter worth $32,000. Liberty Wealth Management LLC acquired a new position in Keysight Technologies during the 4th quarter worth $32,000. Finally, Guardian Life Insurance Co. of America acquired a new position in Keysight Technologies during the 4th quarter worth $33,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Mark Adam Wallace sold 4,775 shares of Keysight Technologies stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $85.65, for a total value of $408,978.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Skinner sold 4,671 shares of Keysight Technologies stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $84.61, for a total transaction of $395,213.31. Following the completion of the transaction, the vice president now directly owns 30,377 shares of the company’s stock, valued at $2,570,197.97. The disclosure for this sale can be found here. Insiders sold a total of 99,707 shares of company stock valued at $8,455,884 over the last ninety days. Company insiders own 0.65% of the company’s stock.
NYSE KEYS opened at $88.14 on Tuesday. Keysight Technologies Inc has a one year low of $52.22 and a one year high of $93.77. The company has a quick ratio of 1.36, a current ratio of 1.82 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $16.58 billion, a PE ratio of 29.38 and a beta of 1.14.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Keysight Technologies had a net margin of 4.57% and a return on equity of 25.15%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $978.22 million. Equities analysts forecast that Keysight Technologies Inc will post 3.66 EPS for the current year.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 15th. TheStreet raised shares of Keysight Technologies from a “c+” rating to an “a-” rating in a report on Thursday, February 21st. Deutsche Bank raised their price objective on shares of Keysight Technologies to $100.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Credit Suisse Group raised their price objective on shares of Keysight Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 22nd. Finally, Dougherty & Co reissued a “sell” rating on shares of Keysight Technologies in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $88.33.
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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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