Verition Fund Management LLC increased its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,046 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,739 shares during the quarter. Verition Fund Management LLC’s holdings in Keysight Technologies were worth $1,360,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dupont Capital Management Corp purchased a new position in Keysight Technologies during the second quarter worth about $102,000. Qube Research & Technologies Ltd purchased a new position in Keysight Technologies during the second quarter worth about $120,000. Cerebellum GP LLC purchased a new position in Keysight Technologies during the second quarter worth about $179,000. Castleark Management LLC purchased a new position in Keysight Technologies during the second quarter worth about $185,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Keysight Technologies during the second quarter worth about $189,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.
In related news, CFO Neil Dougherty sold 3,999 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total transaction of $262,214.43. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is owned by corporate insiders.
A number of equities analysts have commented on KEYS shares. Citigroup lifted their target price on shares of Keysight Technologies from $62.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, July 18th. Jefferies Financial Group boosted their price target on shares of Keysight Technologies to $74.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Deutsche Bank boosted their price target on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Finally, ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $68.22.
Shares of Keysight Technologies stock traded up $1.58 on Friday, reaching $62.02. The company had a trading volume of 1,418,813 shares, compared to its average volume of 1,063,854. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 27.81 and a beta of 1.06. Keysight Technologies Inc has a 52-week low of $41.33 and a 52-week high of $70.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.42.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.91 million. During the same period in the prior year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts expect that Keysight Technologies Inc will post 2.89 earnings per share for the current year.
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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