GYL Financial Synergies LLC purchased a new stake in Keysight Technologies Inc (NYSE:KEYS) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,610 shares of the scientific and technical instruments company’s stock, valued at approximately $838,000.

Several other institutional investors and hedge funds have also bought and sold shares of KEYS. Atlas Capital Advisors LLC bought a new position in shares of Keysight Technologies in the first quarter valued at approximately $29,000. Sun Life Financial INC bought a new position in shares of Keysight Technologies in the fourth quarter valued at approximately $32,000. Kaizen Advisory LLC bought a new position in shares of Keysight Technologies in the fourth quarter valued at approximately $32,000. Liberty Wealth Management LLC bought a new position in shares of Keysight Technologies in the fourth quarter valued at approximately $32,000. Finally, Guardian Life Insurance Co. of America bought a new position in shares of Keysight Technologies in the fourth quarter valued at approximately $33,000. 85.68% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE KEYS traded down $1.31 during mid-day trading on Friday, hitting $83.52. The stock had a trading volume of 9,440 shares, compared to its average volume of 2,413,892. The company has a quick ratio of 1.46, a current ratio of 1.90 and a debt-to-equity ratio of 0.46. Keysight Technologies Inc has a 1 year low of $53.21 and a 1 year high of $93.77. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.17 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.91 by $0.31. Keysight Technologies had a net margin of 6.61% and a return on equity of 27.06%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Keysight Technologies Inc will post 3.88 earnings per share for the current year.

Keysight Technologies declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Several brokerages have issued reports on KEYS. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Thursday, February 14th. Citigroup upgraded shares of Keysight Technologies to a “top pick” rating and set a $100.00 target price for the company in a research report on Friday, February 22nd. Credit Suisse Group lifted their target price on shares of Keysight Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 22nd. Deutsche Bank lifted their target price on shares of Keysight Technologies to $100.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. Finally, TheStreet raised shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Keysight Technologies currently has a consensus rating of “Buy” and a consensus target price of $94.29.

In other Keysight Technologies news, Director James Cullen sold 16,268 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $75.50, for a total transaction of $1,228,234.00. Following the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,914,755.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark Pierpoint sold 13,618 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,023,392.70. Following the transaction, the senior vice president now directly owns 47,533 shares in the company, valued at $3,572,104.95. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

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

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