Advisory Research Inc. Reduces Stake in Keysight Technologies Inc (KEYS)

Advisory Research Inc. trimmed its stake in shares of Keysight Technologies Inc (NYSE:KEYS) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,323 shares of the scientific and technical instruments company’s stock after selling 1,226 shares during the quarter. Advisory Research Inc.’s holdings in Keysight Technologies were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in shares of Keysight Technologies during the 2nd quarter valued at about $102,000. Daiwa Securities Group Inc. purchased a new stake in shares of Keysight Technologies during the 2nd quarter valued at about $381,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Keysight Technologies during the 2nd quarter valued at about $502,000. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Keysight Technologies during the 2nd quarter valued at about $658,000. Finally, TD Asset Management Inc. boosted its holdings in shares of Keysight Technologies by 3.6% during the 2nd quarter. TD Asset Management Inc. now owns 443,285 shares of the scientific and technical instruments company’s stock valued at $26,167,000 after acquiring an additional 15,285 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

KEYS opened at $62.41 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $11.59 billion, a P/E ratio of 20.73 and a beta of 1.20. Keysight Technologies Inc has a 12-month low of $41.33 and a 12-month high of $70.40.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. On average, equities research analysts predict that Keysight Technologies Inc will post 3.5 earnings per share for the current year.

A number of analysts have recently issued reports on KEYS shares. Deutsche Bank raised their price target on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a report on Friday, August 24th. Stifel Nicolaus started coverage on shares of Keysight Technologies in a report on Monday, October 22nd. They set a “buy” rating and a $73.00 price target on the stock. Goldman Sachs Group raised shares of Keysight Technologies from a “neutral” rating to a “buy” rating in a report on Thursday, October 18th. Finally, Credit Suisse Group raised their price target on shares of Keysight Technologies from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $71.22.

In related news, VP John C. Skinner sold 2,637 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $57.70, for a total value of $152,154.90. Following the transaction, the vice president now owns 37,755 shares of the company’s stock, valued at $2,178,463.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Stephen D. Williams sold 17,752 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $57.16, for a total transaction of $1,014,704.32. Following the completion of the transaction, the senior vice president now directly owns 56,986 shares in the company, valued at approximately $3,257,319.76. The disclosure for this sale can be found here. In the last three months, insiders sold 209,046 shares of company stock worth $12,426,506. 0.97% of the stock is currently owned by insiders.

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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.

Further Reading: Institutional Investors

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

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