State Treasurer State of Michigan Trims Holdings in Keysight Technologies Inc (KEYS)
State Treasurer State of Michigan lessened its position in Keysight Technologies Inc (NYSE:KEYS) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 66,600 shares of the scientific and technical instruments company’s stock after selling 3,100 shares during the period. State Treasurer State of Michigan’s holdings in Keysight Technologies were worth $2,771,000 as of its most recent filing with the SEC.
Other institutional 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 approximately $111,000. Cerebellum GP LLC acquired a new stake in Keysight Technologies in the fourth quarter valued at approximately $125,000. Robeco Institutional Asset Management B.V. acquired a new stake in Keysight Technologies in the fourth quarter valued at approximately $168,000. Financial Counselors Inc. acquired a new stake in Keysight Technologies in the third quarter valued at approximately $210,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Keysight Technologies in the second quarter valued at approximately $207,000. 88.27% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on KEYS shares. Jefferies Group reissued a “buy” rating and issued a $52.00 price objective on shares of Keysight Technologies in a research note on Friday, October 20th. Zacks Investment Research cut Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $43.00 price objective on shares of Keysight Technologies in a research note on Friday, December 8th. TheStreet raised Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank raised their price objective on Keysight Technologies to $55.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $48.50.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.12. The company had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $891.55 million. Keysight Technologies had a return on equity of 19.79% and a net margin of 3.20%. Keysight Technologies’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. research analysts forecast 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 Keysight Technologies stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $42.04, for a total transaction of $413,799.72. Following the transaction, the vice president now 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 SEC, which can be accessed through this link. Also, SVP Stephen D. Williams sold 12,296 shares of Keysight Technologies stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $41.79, for a total value of $513,849.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 259,819 shares of company stock worth $11,483,635. 1.23% of the stock is owned by insiders.
Keysight Technologies Company Profile
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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