Keysight Technologies Inc (KEYS) Stake Lifted by Panagora Asset Management Inc.
Panagora Asset Management Inc. grew its holdings in Keysight Technologies Inc (NYSE:KEYS) by 351.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,335 shares of the scientific and technical instruments company’s stock after acquiring an additional 18,946 shares during the quarter. Panagora Asset Management Inc.’s holdings in Keysight Technologies were worth $1,613,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ELM Advisors LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at about $101,000. Qube Research & Technologies Ltd purchased a new position in Keysight Technologies during the 2nd quarter worth approximately $120,000. Smithfield Trust Co. grew its stake in Keysight Technologies by 2,786.7% during the 3rd quarter. Smithfield Trust Co. now owns 2,165 shares of the scientific and technical instruments company’s stock worth $143,000 after buying an additional 2,090 shares during the last quarter. First Hawaiian Bank purchased a new position in Keysight Technologies during the 3rd quarter worth approximately $149,000. Finally, SRS Capital Advisors Inc. purchased a new position in Keysight Technologies during the 3rd quarter worth approximately $175,000. Institutional investors and hedge funds own 86.06% of the company’s stock.
In other Keysight Technologies news, insider Ronald S. Nersesian sold 96,898 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $57.84, for a total transaction of $5,604,580.32. Following the completion of the sale, the insider now directly owns 314,669 shares of the company’s stock, valued at approximately $18,200,454.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John C. Skinner sold 2,637 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $57.70, for a total value of $152,154.90. Following the sale, the vice president now directly owns 37,755 shares of the company’s stock, valued at $2,178,463.50. The disclosure for this sale can be found here. Insiders have sold a total of 224,508 shares of company stock valued at $13,389,170 over the last ninety days. 0.97% of the stock is owned by insiders.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. Keysight Technologies had a return on equity of 22.80% and a net margin of 4.25%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, research analysts forecast that Keysight Technologies Inc will post 3.5 EPS for the current year.
A number of research analysts recently issued reports on the company. Robert W. Baird raised their price target on Keysight Technologies from $61.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Citigroup raised their price target on Keysight Technologies from $71.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research downgraded Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Deutsche Bank raised their price target on Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $71.22.
About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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