Gateway Investment Advisers LLC decreased its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,982 shares of the scientific and technical instruments company’s stock after selling 396 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Keysight Technologies were worth $627,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. We Are One Seven LLC lifted its position in shares of Keysight Technologies by 15.5% in the second quarter. We Are One Seven LLC now owns 9,411 shares of the scientific and technical instruments company’s stock worth $845,000 after purchasing an additional 1,265 shares in the last quarter. Cornerstone Advisors Inc. bought a new stake in shares of Keysight Technologies in the second quarter worth $30,000. Oregon Public Employees Retirement Fund lifted its position in shares of Keysight Technologies by 229.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,168 shares of the scientific and technical instruments company’s stock worth $5,763,000 after purchasing an additional 44,683 shares in the last quarter. OLD National Bancorp IN bought a new stake in shares of Keysight Technologies in the second quarter worth $304,000. Finally, First Hawaiian Bank lifted its position in shares of Keysight Technologies by 115.3% in the second quarter. First Hawaiian Bank now owns 6,744 shares of the scientific and technical instruments company’s stock worth $606,000 after purchasing an additional 3,612 shares in the last quarter. Institutional investors own 85.62% of the company’s stock.
In other Keysight Technologies news, SVP Mark Pierpoint sold 13,618 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $75.15, for a total value of $1,023,392.70. Following the transaction, the senior vice president now directly owns 47,533 shares in the company, valued at $3,572,104.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Cullen sold 16,268 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $75.50, for a total transaction of $1,228,234.00. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at $1,914,755.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,718 shares of company stock worth $3,645,835. Corporate insiders own 0.65% of the company’s stock.
NYSE KEYS traded up $1.53 on Tuesday, hitting $88.96. 41,407 shares of the stock were exchanged, compared to its average volume of 1,560,567. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.90 and a quick ratio of 1.46. The business has a fifty day simple moving average of $86.80. Keysight Technologies Inc has a 52 week low of $53.21 and a 52 week high of $94.52. The stock has a market capitalization of $16.52 billion, a P/E ratio of 29.47, a PEG ratio of 2.25 and a beta of 1.31.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.31. Keysight Technologies had a net margin of 6.61% and a return on equity of 27.06%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Keysight Technologies Inc will post 3.88 EPS for the current fiscal year.
Keysight Technologies declared that its board has approved a stock buyback plan on Wednesday, May 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
About Keysight Technologies
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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