Cardinal Capital Management Sells 284 Shares of Keysight Technologies Inc (KEYS)
Cardinal Capital Management reduced its position in shares of Keysight Technologies Inc (NYSE:KEYS) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,152 shares of the scientific and technical instruments company’s stock after selling 284 shares during the period. Cardinal Capital Management’s holdings in Keysight Technologies were worth $4,286,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Keysight Technologies by 21.5% in the third quarter. Bank of New York Mellon Corp now owns 5,442,341 shares of the scientific and technical instruments company’s stock worth $360,718,000 after purchasing an additional 962,129 shares during the period. CI Investments Inc. lifted its holdings in Keysight Technologies by 0.7% in the 3rd quarter. CI Investments Inc. now owns 537,599 shares of the scientific and technical instruments company’s stock valued at $35,632,000 after acquiring an additional 3,566 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in Keysight Technologies by 5.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 70,300 shares of the scientific and technical instruments company’s stock valued at $4,659,000 after acquiring an additional 3,400 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Keysight Technologies by 351.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 24,335 shares of the scientific and technical instruments company’s stock valued at $1,613,000 after acquiring an additional 18,946 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Keysight Technologies by 1,078.1% in the 3rd quarter. Renaissance Technologies LLC now owns 651,500 shares of the scientific and technical instruments company’s stock valued at $43,181,000 after acquiring an additional 596,200 shares during the last quarter. 89.22% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on KEYS. Jefferies Financial Group upped their price target on shares of Keysight Technologies to $100.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Stifel Nicolaus boosted their price objective on Keysight Technologies from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, April 1st. ValuEngine upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 28th. Citigroup upgraded Keysight Technologies to a “top pick” rating and set a $100.00 price objective on the stock in a report on Friday, February 22nd. Finally, Zacks Investment Research downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $86.11.
Keysight Technologies (NYSE:KEYS) last issued its earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $978.22 million. Keysight Technologies had a return on equity of 25.15% and a net margin of 4.57%. Equities research analysts expect that Keysight Technologies Inc will post 3.66 earnings per share for the current fiscal year.
In related news, SVP Jay Alexander sold 17,342 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $84.52, for a total value of $1,465,745.84. Following the transaction, the senior vice president now owns 78,720 shares in the company, valued at $6,653,414.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil Dougherty sold 42,133 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $84.85, for a total value of $3,574,985.05. Following the completion of the transaction, the chief financial officer now owns 77,217 shares in the company, valued at approximately $6,551,862.45. The disclosure for this sale can be found here. Insiders sold a total of 99,707 shares of company stock worth $8,455,884 in the last quarter. 0.65% of the stock is owned by corporate insiders.
About Keysight Technologies
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.
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