Taylor Hoffman Wealth Management trimmed its holdings in Keysight Technologies Inc (NYSE:KEYS) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,309 shares of the scientific and technical instruments company’s stock after selling 197 shares during the period. Taylor Hoffman Wealth Management’s holdings in Keysight Technologies were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Cornerstone Advisors Inc. purchased a new stake in shares of Keysight Technologies in the second quarter worth about $30,000. Squar Milner Financial Services LLC lifted its position in shares of Keysight Technologies by 328.4% in the third quarter. Squar Milner Financial Services LLC now owns 317 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 243 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Keysight Technologies in the second quarter worth about $35,000. Flagship Harbor Advisors LLC lifted its position in shares of Keysight Technologies by 165.7% in the third quarter. Flagship Harbor Advisors LLC now owns 372 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 232 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Keysight Technologies by 69.3% in the third quarter. CWM LLC now owns 381 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 86.59% of the company’s stock.
A number of brokerages have issued reports on KEYS. Susquehanna Bancshares began coverage on Keysight Technologies in a research report on Friday, October 18th. They set a “positive” rating and a $115.00 price objective on the stock. Robert W. Baird upgraded Keysight Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $82.00 to $100.00 in a research report on Thursday, August 22nd. Credit Suisse Group restated an “outperform” rating and set a $110.00 price objective (up from $90.00) on shares of Keysight Technologies in a research report on Thursday, August 22nd. Citigroup set a $100.00 price objective on Keysight Technologies and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Deutsche Bank restated a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Keysight Technologies in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $100.70.
In other news, SVP Ingrid A. Estrada sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $100.00, for a total transaction of $350,000.00. Following the transaction, the senior vice president now owns 73,159 shares of the company’s stock, valued at $7,315,900. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Satish Dhanasekaran sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $96.56, for a total value of $251,056.00. Following the transaction, the senior vice president now directly owns 33,140 shares in the company, valued at approximately $3,199,998.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,167 shares of company stock worth $2,299,535. Insiders own 0.65% of the company’s stock.
KEYS stock traded up $1.53 during midday trading on Friday, reaching $105.25. 692,262 shares of the company traded hands, compared to its average volume of 1,719,299. Keysight Technologies Inc has a 52-week low of $53.21 and a 52-week high of $105.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.56 and a current ratio of 2.05. The business has a 50 day moving average of $99.00 and a 200-day moving average of $90.64. The firm has a market capitalization of $19.53 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.26 and a beta of 1.27.
Keysight Technologies (NYSE:KEYS) last released its earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Research analysts anticipate that Keysight Technologies Inc will post 4.23 earnings per share for the current year.
Keysight Technologies 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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