Investors Buy Shares of Keysight Technologies (KEYS) on Weakness

Investors bought shares of Keysight Technologies Inc (NYSE:KEYS) on weakness during trading hours on Tuesday. $56.91 million flowed into the stock on the tick-up and $23.44 million flowed out of the stock on the tick-down, for a money net flow of $33.47 million into the stock. Of all equities tracked, Keysight Technologies had the 32nd highest net in-flow for the day. Keysight Technologies traded down ($1.78) for the day and closed at $67.80

KEYS has been the subject of a number of research analyst reports. ValuEngine cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Jefferies Financial Group raised their price objective on shares of Keysight Technologies from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. TheStreet cut shares of Keysight Technologies from an “a-” rating to a “c+” rating in a research note on Tuesday, November 20th. Goldman Sachs Group raised shares of Keysight Technologies from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research note on Thursday, November 29th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $71.22.

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.63. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 22.49 and a beta of 1.00.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.12. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted $0.71 EPS. The company’s revenue was up 19.7% on a year-over-year basis. Analysts anticipate that Keysight Technologies Inc will post 3.5 EPS for the current year.

In related news, insider Ronald S. Nersesian sold 87,760 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $61.45, for a total transaction of $5,392,852.00. Following the sale, the insider now owns 402,429 shares in the company, valued at $24,729,262.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ronald S. Nersesian sold 96,898 shares of the firm’s 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 sale, the insider now owns 314,669 shares in the company, valued at approximately $18,200,454.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,925 shares of company stock valued at $14,923,747. Corporate insiders own 0.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KEYS. BlueMountain Capital Management LLC acquired a new stake in Keysight Technologies during the second quarter worth approximately $252,000. Renaissance Technologies LLC acquired a new stake in Keysight Technologies during the second quarter worth approximately $3,264,000. Jane Street Group LLC acquired a new stake in Keysight Technologies during the second quarter worth approximately $359,000. Andra AP fonden acquired a new stake in Keysight Technologies during the second quarter worth approximately $2,698,000. Finally, Bank of New York Mellon Corp boosted its position in Keysight Technologies by 78.6% during the second quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock worth $264,467,000 after acquiring an additional 1,972,306 shares during the last quarter. Hedge funds and other institutional investors own 85.85% of the company’s stock.

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Keysight Technologies Company Profile (NYSE:KEYS)

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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