Robeco Institutional Asset Management B.V. bought a new position in shares of Keysight Technologies Inc (NYSE:KEYS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,028 shares of the scientific and technical instruments company’s stock, valued at approximately $168,000.
A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC boosted its position in Keysight Technologies by 337.5% during the fourth quarter. SG Americas Securities LLC now owns 58,181 shares of the scientific and technical instruments company’s stock worth $2,420,000 after purchasing an additional 44,884 shares during the period. Cerebellum GP LLC bought a new position in Keysight Technologies during the fourth quarter worth about $125,000. Hudson Capital Management LLC bought a new position in Keysight Technologies during the fourth quarter worth about $563,000. State of Alaska Department of Revenue bought a new position in Keysight Technologies during the fourth quarter worth about $457,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Keysight Technologies by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 609,012 shares of the scientific and technical instruments company’s stock worth $25,335,000 after purchasing an additional 24,781 shares during the period. Hedge funds and other institutional investors own 88.27% of the company’s stock.
A number of brokerages have recently issued reports on KEYS. Deutsche Bank increased their price target on shares of Keysight Technologies to $55.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, December 13th. TheStreet raised shares of Keysight Technologies from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. Stifel Nicolaus reissued a “hold” rating and issued a $43.00 price target on shares of Keysight Technologies in a report on Friday, December 8th. Finally, Jefferies Group reissued a “buy” rating and issued a $52.00 price target on shares of Keysight Technologies in a report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $48.50.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.12. The firm had revenue of $878.00 million for the quarter, compared to the consensus estimate of $891.55 million. Keysight Technologies had a net margin of 3.20% and a return on equity of 19.79%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. research analysts predict that Keysight Technologies Inc will post 2.54 EPS for the current year.
In related news, VP John C. Skinner sold 9,843 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total value of $413,799.72. Following the sale, the vice president now directly owns 29,198 shares of the company’s stock, valued at $1,227,483.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald S. Nersesian sold 75,314 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $43.06, for a total transaction of $3,243,020.84. Following the completion of the sale, the insider now directly owns 356,816 shares in the company, valued at $15,364,496.96. The disclosure for this sale can be found here. Insiders sold 259,819 shares of company stock worth $11,483,635 over the last ninety days. 1.23% of the stock is currently owned by insiders.
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About Keysight Technologies
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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