Crown Oak Advisors LLC increased its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,665 shares of the scientific and technical instruments company's stock after buying an additional 1,955 shares during the quarter. Keysight Technologies accounts for 4.4% of Crown Oak Advisors LLC's portfolio, making the stock its 11th largest position. Crown Oak Advisors LLC's holdings in Keysight Technologies were worth $8,786,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Keysight Technologies by 3.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock worth $314,000 after buying an additional 61 shares during the last quarter. Signaturefd LLC lifted its position in Keysight Technologies by 2.8% in the fourth quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock valued at $387,000 after purchasing an additional 66 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Keysight Technologies by 5.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company's stock valued at $262,000 after purchasing an additional 79 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Keysight Technologies by 4.8% in the first quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company's stock valued at $277,000 after purchasing an additional 85 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Keysight Technologies by 4.3% in the fourth quarter. Parallel Advisors LLC now owns 2,159 shares of the scientific and technical instruments company's stock valued at $347,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 84.58% of the company's stock.
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 stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the sale, the chief executive officer now directly owns 115,576 shares of the company's stock, valued at $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John Page sold 7,368 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the completion of the sale, the senior vice president now directly owns 36,986 shares in the company, valued at approximately $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,247 shares of company stock valued at $2,086,720 over the last ninety days. Company insiders own 0.61% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on KEYS. Wells Fargo & Company boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Bank of America boosted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research report on Thursday, May 22nd. Robert W. Baird boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $183.00.
Check Out Our Latest Research Report on KEYS
Keysight Technologies Trading Down 0.3%
Shares of Keysight Technologies stock traded down $0.54 during midday trading on Thursday, reaching $159.95. 672,430 shares of the company's stock traded hands, compared to its average volume of 1,116,791. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The company has a market cap of $27.53 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. The stock has a 50 day moving average of $153.28 and a 200-day moving average of $159.33. Keysight Technologies Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.
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 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. As a group, equities analysts expect that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.
About Keysight Technologies
(
Free Report)
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.
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