Ronald S. Nersesian Sells 58,931 Shares of Keysight Technologies Inc. (KEYS) Stock

Keysight Technologies Inc. (NYSE:KEYS) insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $41.64, for a total value of $2,453,886.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Keysight Technologies Inc. (NYSE KEYS) opened at 42.53 on Friday. The stock has a market capitalization of $7.91 billion, a P/E ratio of 32.44 and a beta of 1.15. The company’s 50 day moving average price is $40.91 and its 200 day moving average price is $39.43. Keysight Technologies Inc. has a one year low of $31.32 and a one year high of $43.15.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The company had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities analysts expect that Keysight Technologies Inc. will post $2.47 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning lifted its position in shares of Keysight Technologies by 1.2% during the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after purchasing an additional 63 shares during the last quarter. Cadence Capital Management LLC lifted its position in shares of Keysight Technologies by 1.1% during the 2nd quarter. Cadence Capital Management LLC now owns 6,167 shares of the scientific and technical instruments company’s stock worth $240,000 after purchasing an additional 66 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Keysight Technologies by 2.5% during the 2nd quarter. Bank of Montreal Can now owns 8,977 shares of the scientific and technical instruments company’s stock worth $349,000 after purchasing an additional 217 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Keysight Technologies by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,956 shares of the scientific and technical instruments company’s stock worth $1,049,000 after purchasing an additional 228 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Keysight Technologies by 0.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 48,250 shares of the scientific and technical instruments company’s stock worth $1,877,000 after purchasing an additional 300 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on KEYS shares. Credit Suisse Group raised their price objective on Keysight Technologies from $45.50 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Robert W. Baird restated a “buy” rating and issued a $47.00 price objective on shares of Keysight Technologies in a report on Friday, August 25th. Citigroup Inc. restated a “buy” rating and issued a $50.00 price objective (up from $49.00) on shares of Keysight Technologies in a report on Friday, September 1st. Wells Fargo & Company restated an “outperform” rating on shares of Keysight Technologies in a report on Tuesday, July 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $40.00 target price on shares of Keysight Technologies in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.11.

Keysight Technologies Company Profile

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

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