Keysight Technologies Inc (KEYS) Position Raised by Amalgamated Bank

Amalgamated Bank boosted its position in Keysight Technologies Inc (NYSE:KEYS) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,344 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,110 shares during the quarter. Amalgamated Bank’s holdings in Keysight Technologies were worth $1,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Invictus RG acquired a new stake in Keysight Technologies in the third quarter valued at about $111,000. SeaCrest Wealth Management LLC acquired a new stake in Keysight Technologies in the fourth quarter valued at about $121,000. Cerebellum GP LLC acquired a new stake in Keysight Technologies in the fourth quarter valued at about $125,000. Robeco Institutional Asset Management B.V. acquired a new stake in Keysight Technologies in the fourth quarter valued at about $168,000. Finally, Financial Counselors Inc. acquired a new stake in Keysight Technologies in the third quarter valued at about $210,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.

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Keysight Technologies Inc (NYSE:KEYS) opened at $54.07 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.57 and a quick ratio of 1.88. Keysight Technologies Inc has a 1-year low of $35.05 and a 1-year high of $54.11. The stock has a market cap of $10,130.00, a PE ratio of -50.06 and a beta of 1.19.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.19. Keysight Technologies had a net margin of 2.64% and a return on equity of 18.19%. The business had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $805.96 million. During the same period last year, the company posted $0.57 EPS. The company’s revenue was up 15.3% on a year-over-year basis. equities research analysts anticipate that Keysight Technologies Inc will post 2.54 EPS for the current year.

Keysight Technologies declared that its Board of Directors has authorized a share buyback program on Tuesday, March 6th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

In other news, SVP Mark Adam Wallace sold 34,803 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $52.65, for a total transaction of $1,832,377.95. Following the completion of the transaction, the senior vice president now directly owns 171,187 shares of the company’s stock, valued at approximately $9,012,995.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ronald S. Nersesian sold 162,366 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.04, for a total transaction of $7,312,964.64. Following the transaction, the insider now directly owns 517,674 shares of the company’s stock, valued at $23,316,036.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,308 shares of company stock valued at $10,072,992. Corporate insiders own 0.97% of the company’s stock.

KEYS has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $43.00 target price on shares of Keysight Technologies in a report on Friday, December 8th. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, December 13th. Deutsche Bank increased their target price on shares of Keysight Technologies to $55.00 and gave the company a “buy” rating in a report on Monday, January 29th. ValuEngine raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $54.00 target price (up from $49.50) on shares of Keysight Technologies in a report on Friday, March 2nd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.50.

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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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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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