Calamos Advisors LLC Takes $7.04 Million Position in Keysight Technologies Inc. (NYSE:KEYS)

Calamos Advisors LLC purchased a new position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,000 shares of the scientific and technical instruments company's stock, valued at approximately $7,039,000.

Other hedge funds also recently modified their holdings of the company. Central Pacific Bank Trust Division raised its holdings in shares of Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 90 shares during the period. Private Trust Co. NA raised its holdings in Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after acquiring an additional 75 shares during the period. Sunbelt Securities Inc. raised its holdings in Keysight Technologies by 241.8% during the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after acquiring an additional 191 shares during the period. Goodman Advisory Group LLC bought a new stake in Keysight Technologies during the 1st quarter valued at $51,000. Finally, Quarry LP raised its holdings in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock valued at $70,000 after acquiring an additional 284 shares during the period. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock traded down $7.14 during trading on Friday, hitting $158.39. The stock had a trading volume of 478,793 shares, compared to its average volume of 1,103,433. The firm has a market cap of $27.26 billion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 2.27 and a beta of 1.09. Keysight Technologies Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The business's 50-day moving average is $158.97 and its 200 day moving average is $158.79. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $1.41 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Satish Dhanasekaran sold 658 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the completion of the transaction, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $18,235,581.28. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard P. Hamada sold 1,589 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the completion of the transaction, the director owned 42,160 shares of the company's stock, valued at $6,829,920. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 in the last three months. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KEYS has been the topic of a number of analyst reports. Morgan Stanley boosted their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Finally, Bank of America boosted their target price on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $183.00.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.