Bridgefront Capital LLC Purchases Shares of 1,700 Keysight Technologies, Inc. (NYSE:KEYS)

Bridgefront Capital LLC acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYSGet Rating) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,700 shares of the scientific and technical instruments company’s stock, valued at approximately $268,000.

A number of other hedge funds also recently made changes to their positions in the business. Hillsdale Investment Management Inc. increased its position in shares of Keysight Technologies by 2.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 3,675 shares of the scientific and technical instruments company’s stock worth $579,000 after purchasing an additional 75 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Keysight Technologies by 10.9% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 118,677 shares of the scientific and technical instruments company’s stock valued at $18,675,000 after acquiring an additional 11,640 shares in the last quarter. Creative Planning increased its position in Keysight Technologies by 8.6% in the 3rd quarter. Creative Planning now owns 31,492 shares of the scientific and technical instruments company’s stock valued at $4,956,000 after acquiring an additional 2,507 shares in the last quarter. Alta Advisers Ltd acquired a new stake in Keysight Technologies in the 3rd quarter valued at about $110,000. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in Keysight Technologies in the 3rd quarter valued at about $266,000. Institutional investors and hedge funds own 81.69% of the company’s stock.

Keysight Technologies Price Performance

NYSE KEYS opened at $155.39 on Friday. The company has a quick ratio of 2.45, a current ratio of 3.07 and a debt-to-equity ratio of 0.41. Keysight Technologies, Inc. has a 12-month low of $127.93 and a 12-month high of $189.45. The company has a market capitalization of $27.68 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 2.56 and a beta of 1.07. The firm’s 50 day moving average is $173.16 and its 200-day moving average is $170.32.

Keysight Technologies (NYSE:KEYSGet Rating) last issued its earnings results on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Keysight Technologies had a net margin of 20.81% and a return on equity of 32.50%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. Equities research analysts anticipate that Keysight Technologies, Inc. will post 7.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ronald S. Nersesian sold 18,069 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $170.00, for a total transaction of $3,071,730.00. Following the transaction, the insider now directly owns 275,209 shares in the company, valued at $46,785,530. The sale was disclosed in a filing with the SEC, which is available through this link. 0.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on KEYS. Barclays upgraded shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $175.00 to $202.00 in a research report on Tuesday, January 10th. Morgan Stanley raised their target price on shares of Keysight Technologies from $170.00 to $184.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 13th. UBS Group reduced their target price on shares of Keysight Technologies from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. Susquehanna Bancshares reduced their price objective on shares of Keysight Technologies from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Friday, November 18th. Finally, The Goldman Sachs Group lowered shares of Keysight Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $196.00 to $189.00 in a research note on Tuesday, January 10th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.75.

Keysight Technologies Company Profile

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

See Also

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

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