Keysight Technologies Inc. (NYSE:KEYS) insider Ronald S. Nersesian sold 330,451 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $38.29, for a total transaction of $12,652,968.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Keysight Technologies Inc. (NYSE KEYS) traded up 0.2264% during midday trading on Monday, reaching $41.7042. 217,674 shares of the company traded hands. The stock has a 50 day moving average price of $38.26 and a 200 day moving average price of $37.39. The firm has a market capitalization of $7.73 billion, a PE ratio of 21.1912 and a beta of 1.12. Keysight Technologies Inc. has a 1-year low of $26.87 and a 1-year high of $41.99.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.12. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The firm had revenue of $758 million during the quarter, compared to the consensus estimate of $748.59 million. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Keysight Technologies Inc. will post $2.47 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cigna Investments Inc. New purchased a new position in Keysight Technologies during the fourth quarter valued at approximately $222,000. AQR Capital Management LLC increased its position in Keysight Technologies by 78.5% in the fourth quarter. AQR Capital Management LLC now owns 28,657 shares of the scientific and technical instruments company’s stock valued at $1,048,000 after buying an additional 12,604 shares in the last quarter. Two Sigma Investments LP purchased a new position in Keysight Technologies during the fourth quarter valued at approximately $349,000. GSA Capital Partners LLP purchased a new position in Keysight Technologies during the fourth quarter valued at approximately $313,000. Finally, A.R.T. Advisors LLC purchased a new position in Keysight Technologies during the fourth quarter valued at approximately $1,316,000. 87.73% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the stock. TheStreet upgraded shares of Keysight Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, March 30th. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on shares of Keysight Technologies in a report on Monday, June 5th. They issued a “neutral” rating and a $38.00 price objective on the stock. Robert W. Baird raised their target price on shares of Keysight Technologies from $38.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, June 9th. Finally, BidaskClub cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.44.
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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