Candriam Luxembourg S.C.A. lowered its stake in Keysight Technologies Inc (NYSE:KEYS) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 260,897 shares of the scientific and technical instruments company’s stock after selling 23,892 shares during the quarter. Candriam Luxembourg S.C.A. owned about 0.14% of Keysight Technologies worth $25,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of KEYS. Cornerstone Advisors Inc. acquired a new stake in Keysight Technologies during the 2nd quarter worth $30,000. Johnson Financial Group Inc. acquired a new stake in Keysight Technologies during the 2nd quarter worth $35,000. Commonwealth Bank of Australia raised its stake in Keysight Technologies by 57.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 487 shares of the scientific and technical instruments company’s stock worth $41,000 after buying an additional 178 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Keysight Technologies during the 2nd quarter worth $41,000. Finally, Motco bought a new position in Keysight Technologies during the 2nd quarter worth about $48,000. 86.05% of the stock is currently owned by institutional investors.
In related news, SVP Ingrid A. Estrada sold 3,500 shares of Keysight Technologies stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $100.00, for a total transaction of $350,000.00. Following the completion of the transaction, the senior vice president now owns 73,159 shares in the company, valued at $7,315,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Satish Dhanasekaran sold 2,600 shares of Keysight Technologies stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $96.56, for a total value of $251,056.00. Following the transaction, the senior vice president now owns 33,140 shares of the company’s stock, valued at approximately $3,199,998.40. The disclosure for this sale can be found here. Insiders sold a total of 24,167 shares of company stock valued at $2,299,535 in the last 90 days. 0.65% of the stock is owned by corporate insiders.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.22. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. Keysight Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Sell-side analysts expect that Keysight Technologies Inc will post 4.23 earnings per share for the current fiscal year.
A number of research firms have issued reports on KEYS. ValuEngine cut Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Robert W. Baird upgraded Keysight Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $82.00 to $100.00 in a report on Thursday, August 22nd. Deutsche Bank reiterated a “buy” rating and set a $115.00 target price (up previously from $110.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 target price (up previously from $90.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Finally, Citigroup set a $100.00 target price on Keysight Technologies and gave the stock a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $100.70.
Keysight Technologies Company Profile
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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