Keysight Technologies Inc. (NYSE:KEYS) released its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07, Bloomberg Earnings reports. The business had revenue of $832 million for the quarter, compared to the consensus estimate of $862.38 million. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. Keysight Technologies updated its Q4 guidance to $0.59-0.69 EPS.

Keysight Technologies (KEYS) opened at 40.20 on Thursday. The firm has a market cap of $7.45 billion, a PE ratio of 20.43 and a beta of 1.15. The firm’s 50-day moving average is $41.42 and its 200 day moving average is $38.69. Keysight Technologies has a 12-month low of $29.25 and a 12-month high of $43.15.

In related news, Director Charles J. Dockendorff bought 13,210 shares of Keysight Technologies stock in a transaction that occurred on Friday, June 9th. The stock was purchased at an average cost of $37.81 per share, for a total transaction of $499,470.10. Following the acquisition, the director now owns 51,800 shares in the company, valued at $1,958,558. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael Gasparian sold 2,677 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $41.66, for a total value of $111,523.82. Following the completion of the sale, the senior vice president now owns 65,926 shares of the company’s stock, valued at $2,746,477.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 461,554 shares of company stock valued at $17,749,840. Corporate insiders own 1.23% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Creative Planning raised its stake in Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 63 shares during the period. Cadence Capital Management LLC raised its stake in Keysight Technologies by 1.1% in the second quarter. Cadence Capital Management LLC now owns 6,167 shares of the scientific and technical instruments company’s stock valued at $240,000 after buying an additional 66 shares during the period. San Francisco Sentry Investment Group CA raised its stake in Keysight Technologies by 1.7% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 100 shares during the period. Utah Retirement Systems raised its stake in Keysight Technologies by 0.3% in the first quarter. Utah Retirement Systems now owns 31,269 shares of the scientific and technical instruments company’s stock valued at $1,131,000 after buying an additional 100 shares during the period. Finally, Bank of Montreal Can raised its stake in Keysight Technologies by 2.5% in the second quarter. Bank of Montreal Can now owns 8,977 shares of the scientific and technical instruments company’s stock valued at $349,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $47.00 price target on shares of Keysight Technologies in a research note on Friday, August 25th. BidaskClub downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Barclays PLC assumed coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They issued an “overweight” rating and a $50.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price target on shares of Keysight Technologies in a research note on Friday, July 21st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Keysight Technologies in a research note on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.90.

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Keysight Technologies Company Profile

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

Earnings History for Keysight Technologies (NYSE:KEYS)

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