Morse Asset Management Inc bought a new position in shares of Keysight Technologies Inc (NYSE:KEYS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,838 shares of the scientific and technical instruments company’s stock, valued at approximately $1,735,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KEYS. Cornerstone Advisors Inc. bought a new position in Keysight Technologies during the 2nd quarter worth $30,000. Squar Milner Financial Services LLC increased its stake in Keysight Technologies by 328.4% during the 3rd quarter. Squar Milner Financial Services LLC now owns 317 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 243 shares during the period. Johnson Financial Group Inc. bought a new position in Keysight Technologies during the 2nd quarter worth $35,000. Flagship Harbor Advisors LLC increased its stake in Keysight Technologies by 165.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 372 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 232 shares during the period. Finally, CWM LLC increased its stake in Keysight Technologies by 69.3% during the 3rd quarter. CWM LLC now owns 381 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 156 shares during the period. Institutional investors own 86.59% of the company’s stock.
Shares of KEYS traded up $0.36 during midday trading on Monday, hitting $105.61. The company’s stock had a trading volume of 48,123 shares, compared to its average volume of 1,719,299. Keysight Technologies Inc has a one year low of $53.21 and a one year high of $105.62. The company’s fifty day simple moving average is $99.00 and its two-hundred day simple moving average is $90.64. The company has a quick ratio of 1.56, a current ratio of 2.05 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 2.26 and a beta of 1.27.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.22. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that Keysight Technologies Inc will post 4.23 earnings per share for the current year.
In related news, SVP Jay Alexander sold 18,067 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $94.01, for a total transaction of $1,698,478.67. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ingrid A. Estrada sold 3,500 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $100.00, for a total value of $350,000.00. Following the sale, the senior vice president now directly owns 73,159 shares in the company, valued at approximately $7,315,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,167 shares of company stock worth $2,299,535. Corporate insiders own 0.65% of the company’s stock.
A number of equities analysts have commented on the company. Goldman Sachs Group lowered Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a research note on Sunday, July 21st. Citigroup set a $100.00 price objective on Keysight Technologies and gave the stock a “buy” rating in a research note on Friday, August 16th. Deutsche Bank restated a “buy” rating and set a $115.00 price objective (up previously from $110.00) on shares of Keysight Technologies in a research note on Thursday, August 22nd. Susquehanna Bancshares assumed coverage on Keysight Technologies in a research note on Friday, October 18th. They set a “positive” rating and a $115.00 price objective on the stock. Finally, ValuEngine lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $100.70.
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
Featured Story: What is the return on assets formula?
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.