Keysight Technologies Inc. (KEYS) Insider Sells $2,453,886.84 in Stock
Keysight Technologies Inc. (NYSE:KEYS) insider Ronald S. Nersesian sold 58,931 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total value of $2,453,886.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Keysight Technologies Inc. (KEYS) opened at 42.72 on Friday. Keysight Technologies Inc. has a 52 week low of $31.51 and a 52 week high of $43.15. The stock has a market capitalization of $7.95 billion, a PE ratio of 32.59 and a beta of 1.15. The company’s 50 day moving average price is $40.99 and its 200-day moving average price is $39.48.
Keysight Technologies (NYSE:KEYS) last released its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. The firm had revenue of $832.00 million during the quarter, compared to analyst estimates of $862.38 million. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. Keysight Technologies’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. Equities research analysts predict that Keysight Technologies Inc. will post $2.47 EPS for the current year.
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Several equities research analysts have weighed in on KEYS shares. Robert W. Baird upgraded Keysight Technologies from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Friday, June 16th. Wells Fargo & Company reiterated an “outperform” rating on shares of Keysight Technologies in a report on Tuesday, July 4th. BidaskClub upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Keysight Technologies in a report on Friday, July 21st. Finally, Barclays PLC started coverage on Keysight Technologies in a report on Monday, August 7th. They issued an “overweight” rating and a $50.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.11.
A number of large investors have recently added to or reduced their stakes in KEYS. BlackRock Inc. boosted its holdings in Keysight Technologies by 12,373.5% in the first quarter. BlackRock Inc. now owns 14,542,749 shares of the scientific and technical instruments company’s stock valued at $525,577,000 after purchasing an additional 14,426,160 shares during the period. Vanguard Group Inc. boosted its holdings in Keysight Technologies by 12.6% in the first quarter. Vanguard Group Inc. now owns 14,906,887 shares of the scientific and technical instruments company’s stock valued at $538,735,000 after purchasing an additional 1,666,595 shares during the period. Ameriprise Financial Inc. boosted its holdings in Keysight Technologies by 123.8% in the second quarter. Ameriprise Financial Inc. now owns 1,601,505 shares of the scientific and technical instruments company’s stock valued at $62,351,000 after purchasing an additional 885,896 shares during the period. Marshall Wace North America L.P. boosted its holdings in Keysight Technologies by 23.2% in the second quarter. Marshall Wace North America L.P. now owns 4,516,498 shares of the scientific and technical instruments company’s stock valued at $176,143,000 after purchasing an additional 849,245 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in Keysight Technologies in the second quarter valued at $27,072,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.
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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