2,971 Shares in Keysight Technologies Inc (NYSE:KEYS) Bought by ARP Americas LP

ARP Americas LP purchased a new position in Keysight Technologies Inc (NYSE:KEYS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,971 shares of the scientific and technical instruments company’s stock, valued at approximately $299,000.

Several other large investors also recently modified their holdings of the stock. M&T Bank Corp increased its stake in Keysight Technologies by 6.2% during the second quarter. M&T Bank Corp now owns 9,058 shares of the scientific and technical instruments company’s stock valued at $912,000 after purchasing an additional 532 shares during the last quarter. Zweig DiMenna Associates LLC increased its stake in Keysight Technologies by 35.0% during the second quarter. Zweig DiMenna Associates LLC now owns 87,541 shares of the scientific and technical instruments company’s stock valued at $8,822,000 after purchasing an additional 22,679 shares during the last quarter. Sciencast Management LP increased its stake in Keysight Technologies by 134.2% during the second quarter. Sciencast Management LP now owns 25,761 shares of the scientific and technical instruments company’s stock valued at $2,461,000 after purchasing an additional 14,761 shares during the last quarter. Pacer Advisors Inc. increased its stake in Keysight Technologies by 508.8% during the second quarter. Pacer Advisors Inc. now owns 16,274 shares of the scientific and technical instruments company’s stock valued at $1,640,000 after purchasing an additional 13,601 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Keysight Technologies during the second quarter valued at $304,000. Institutional investors and hedge funds own 86.89% of the company’s stock.

In other Keysight Technologies news, CFO Neil Dougherty sold 79,374 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $105.24, for a total value of $8,353,319.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Hamada sold 2,438 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $102.00, for a total transaction of $248,676.00. Following the completion of the sale, the director now directly owns 42,160 shares of the company’s stock, valued at $4,300,320. The disclosure for this sale can be found here. Insiders sold 85,241 shares of company stock valued at $8,968,247 in the last ninety days. Corporate insiders own 0.42% of the company’s stock.

KEYS stock traded up $0.91 during trading on Friday, hitting $99.89. The company had a trading volume of 1,204,396 shares, compared to its average volume of 1,174,282. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 3.35 and a beta of 1.09. The business has a 50 day moving average of $99.25 and a 200 day moving average of $96.75. Keysight Technologies Inc has a fifty-two week low of $77.93 and a fifty-two week high of $110.00. The company has a current ratio of 3.47, a quick ratio of 2.67 and a debt-to-equity ratio of 0.62.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, May 26th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.15). The company had revenue of $892.00 million during the quarter, compared to analyst estimates of $1.03 billion. Keysight Technologies had a return on equity of 26.33% and a net margin of 14.01%. The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 EPS. As a group, equities analysts predict that Keysight Technologies Inc will post 3.8 EPS for the current year.

Several analysts have weighed in on the stock. Susquehanna Bancshares reiterated a “buy” rating and set a $130.00 target price on shares of Keysight Technologies in a research note on Thursday, June 18th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $112.00 to $127.00 in a research report on Monday, June 1st. Bank of America lowered their price target on shares of Keysight Technologies from $105.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. Finally, Credit Suisse Group restated a “buy” rating and set a $125.00 price target on shares of Keysight Technologies in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $118.00.

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

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