Employees Retirement System of Texas Purchases 95,000 Shares of Keysight Technologies Inc. (KEYS)
Employees Retirement System of Texas increased its position in Keysight Technologies Inc. (NYSE:KEYS) by 55.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,000 shares of the scientific and technical instruments company’s stock after buying an additional 95,000 shares during the period. Employees Retirement System of Texas owned about 0.14% of Keysight Technologies worth $10,394,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Keysight Technologies during the second quarter valued at approximately $100,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Keysight Technologies by 171.4% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock worth $137,000 after acquiring an additional 2,400 shares during the last quarter. Creative Planning boosted its position in Keysight Technologies by 1.2% during the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after acquiring an additional 63 shares during the last quarter. Starfire Investment Advisers Inc. acquired a new stake in Keysight Technologies during the second quarter worth approximately $214,000. Finally, Cadence Capital Management LLC boosted its position in Keysight Technologies by 2.6% during the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock worth $220,000 after acquiring an additional 157 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on KEYS. Citigroup Inc. boosted their price target on Keysight Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, June 7th. Robert W. Baird reissued a “buy” rating and set a $47.00 price target on shares of Keysight Technologies in a research note on Friday, August 25th. Credit Suisse Group raised their price objective on Keysight Technologies from $45.50 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Wells Fargo & Company restated an “outperform” rating on shares of Keysight Technologies in a report on Tuesday, July 4th. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price objective on shares of Keysight Technologies in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.60.
In other Keysight Technologies news, VP John C. Skinner sold 15,058 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Gasparian sold 2,677 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $41.66, for a total transaction 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 approximately $2,746,477.16. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.
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Shares of Keysight Technologies Inc. (KEYS) traded up 0.38% during trading on Monday, hitting $41.82. 157,182 shares of the company’s stock were exchanged. Keysight Technologies Inc. has a 1-year low of $30.93 and a 1-year high of $43.15. The firm has a market capitalization of $7.78 billion, a PE ratio of 31.90 and a beta of 1.15. The stock’s 50 day moving average is $40.88 and its 200 day moving average is $39.03.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The business had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. During the same period last year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Keysight Technologies Inc. will post $2.47 earnings per share for the current year.
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.
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