Princeton Capital Management LLC Purchases 429 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Princeton Capital Management LLC grew its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 9.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,887 shares of the scientific and technical instruments company’s stock after acquiring an additional 429 shares during the period. Princeton Capital Management LLC’s holdings in Keysight Technologies were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of KEYS. Argent Trust Co grew its stake in Keysight Technologies by 11.1% during the first quarter. Argent Trust Co now owns 3,055 shares of the scientific and technical instruments company’s stock worth $438,000 after buying an additional 305 shares in the last quarter. E Fund Management Co. Ltd. acquired a new stake in Keysight Technologies during the first quarter worth about $361,000. Norinchukin Bank The boosted its stake in shares of Keysight Technologies by 1.7% in the 1st quarter. Norinchukin Bank The now owns 15,427 shares of the scientific and technical instruments company’s stock valued at $2,212,000 after purchasing an additional 263 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Keysight Technologies by 100.9% in the 1st quarter. Sei Investments Co. now owns 72,600 shares of the scientific and technical instruments company’s stock valued at $10,216,000 after purchasing an additional 36,468 shares in the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of Keysight Technologies in the 1st quarter valued at approximately $735,000. 84.14% of the stock is currently owned by institutional investors.

Keysight Technologies stock traded down $1.78 during mid-day trading on Friday, hitting $147.16. 4,410 shares of the stock were exchanged, compared to its average volume of 1,165,237. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.50. Keysight Technologies, Inc. has a 12 month low of $90.62 and a 12 month high of $155.50. The firm’s fifty day moving average price is $143.45. The firm has a market capitalization of $27.37 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.55 and a beta of 0.92.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, May 18th. The scientific and technical instruments company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Keysight Technologies had a net margin of 16.21% and a return on equity of 28.46%. The company’s revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. On average, analysts forecast that Keysight Technologies, Inc. will post 5.31 earnings per share for the current year.

KEYS has been the topic of a number of research analyst reports. Credit Suisse Group raised their price target on shares of Keysight Technologies from $125.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Robert W. Baird restated a “buy” rating on shares of Keysight Technologies in a research note on Sunday, May 23rd. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research note on Monday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Keysight Technologies from $155.00 to $158.00 and gave the company a “hold” rating in a research note on Monday, May 24th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Keysight Technologies presently has a consensus rating of “Buy” and a consensus price target of $149.82.

In other Keysight Technologies news, Director Richard P. Hamada sold 1,631 shares of Keysight Technologies stock in a transaction on Wednesday, May 26th. The shares were sold at an average price of $140.50, for a total transaction of $229,155.50. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $5,923,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Satish Dhanasekaran sold 2,490 shares of Keysight Technologies stock in a transaction on Monday, March 29th. The stock was sold at an average price of $142.18, for a total transaction of $354,028.20. The disclosure for this sale can be found here. In the last three months, insiders sold 9,596 shares of company stock valued at $1,399,725. 0.52% of the stock is currently owned by insiders.

About Keysight Technologies

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 instruments; 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; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.

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

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