Sentry Investment Management LLC decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,340 shares of the scientific and technical instruments company's stock after selling 225 shares during the period. Sentry Investment Management LLC's holdings in Keysight Technologies were worth $212,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of KEYS. TCI Wealth Advisors Inc. boosted its holdings in Keysight Technologies by 82.1% in the first quarter. TCI Wealth Advisors Inc. now owns 173 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 78 shares during the last quarter. Addison Advisors LLC boosted its holdings in Keysight Technologies by 3,320.0% in the first quarter. Addison Advisors LLC now owns 171 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 166 shares during the last quarter. Riverview Trust Co acquired a new position in Keysight Technologies in the first quarter valued at $30,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Keysight Technologies in the first quarter valued at $36,000. Finally, NuWave Investment Management LLC acquired a new position in Keysight Technologies in the first quarter valued at $39,000. Hedge funds and other institutional investors own 84.00% of the company's stock.
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Analyst Upgrades and Downgrades
A number of brokerages have commented on KEYS. UBS Group reduced their price objective on Keysight Technologies from $220.00 to $177.00 and set a "buy" rating on the stock in a research note on Friday, June 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $176.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday. Robert W. Baird reduced their price objective on Keysight Technologies from $198.00 to $166.00 in a research note on Monday, May 16th. JPMorgan Chase & Co. reduced their price objective on Keysight Technologies from $200.00 to $176.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Finally, The Goldman Sachs Group reduced their price objective on Keysight Technologies from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, June 1st. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.67.
Keysight Technologies Stock Up 0.1 %
Shares of Keysight Technologies stock opened at $166.72 on Friday. The firm has a market cap of $30.00 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.80 and a beta of 1.10. The business has a 50-day moving average price of $146.77 and a 200 day moving average price of $150.30. Keysight Technologies, Inc. has a fifty-two week low of $127.93 and a fifty-two week high of $209.08. The company has a quick ratio of 2.26, a current ratio of 2.86 and a debt-to-equity ratio of 0.47.
Keysight Technologies (NYSE:KEYS – Get Rating) last posted its earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. Keysight Technologies had a return on equity of 30.60% and a net margin of 19.90%. The business's revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share. On average, sell-side analysts forecast that Keysight Technologies, Inc. will post 6.53 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Richard P. Hamada sold 1,626 shares of the company's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the transaction, the director now directly owns 42,160 shares of the company's stock, valued at $6,324,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Richard P. Hamada sold 1,626 shares of the business's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the transaction, the director now directly owns 42,160 shares in the company, valued at $6,324,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kevin A. Stephens acquired 500 shares of Keysight Technologies stock in a transaction dated Thursday, June 30th. The shares were acquired at an average price of $136.91 per share, with a total value of $68,455.00. Following the completion of the transaction, the director now owns 3,626 shares of the company's stock, valued at approximately $496,435.66. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company's stock.
Keysight Technologies Profile
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Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
Further Reading
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