Insider Selling: Keysight Technologies Inc (KEYS) SVP Sells 34,803 Shares of Stock

Keysight Technologies Inc (NYSE:KEYS) SVP Mark Adam Wallace sold 34,803 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $52.65, for a total transaction of $1,832,377.95. Following the completion of the transaction, the senior vice president now directly owns 171,187 shares of the company’s stock, valued at approximately $9,012,995.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Keysight Technologies Inc (NYSE:KEYS) opened at $54.07 on Monday. The firm has a market cap of $10,130.00, a price-to-earnings ratio of -50.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.57 and a quick ratio of 1.88. Keysight Technologies Inc has a one year low of $35.05 and a one year high of $54.11.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.19. The firm had revenue of $837.00 million during the quarter, compared to analyst estimates of $805.96 million. Keysight Technologies had a net margin of 2.64% and a return on equity of 18.19%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. analysts predict that Keysight Technologies Inc will post 2.69 earnings per share for the current year.

Keysight Technologies declared that its Board of Directors has authorized a share buyback program on Tuesday, March 6th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Several equities analysts have recently issued reports on KEYS shares. Robert W. Baird reissued an “outperform” rating and issued a $60.00 price target (up previously from $52.00) on shares of Keysight Technologies in a report on Thursday. Deutsche Bank boosted their price target on shares of Keysight Technologies to $65.00 and gave the company a “buy” rating in a report on Friday. Barclays set a $53.00 price target on shares of Keysight Technologies and gave the company a “buy” rating in a report on Sunday, March 4th. Jefferies Group reissued a “buy” rating and issued a $62.00 price target on shares of Keysight Technologies in a report on Wednesday, March 7th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Keysight Technologies presently has an average rating of “Buy” and a consensus target price of $55.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in KEYS. American Century Companies Inc. boosted its stake in Keysight Technologies by 52.5% in the 4th quarter. American Century Companies Inc. now owns 7,596,674 shares of the scientific and technical instruments company’s stock worth $316,022,000 after purchasing an additional 2,613,683 shares during the period. CI Investments Inc. acquired a new position in Keysight Technologies in the 4th quarter worth $33,357,000. Carillon Tower Advisers Inc. acquired a new position in Keysight Technologies in the 4th quarter worth $27,106,000. Goldman Sachs Group Inc. boosted its stake in Keysight Technologies by 74.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 973,095 shares of the scientific and technical instruments company’s stock worth $40,481,000 after purchasing an additional 416,315 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Keysight Technologies by 8.3% in the 4th quarter. Victory Capital Management Inc. now owns 4,301,488 shares of the scientific and technical instruments company’s stock worth $178,942,000 after purchasing an additional 328,386 shares during the period. 88.91% of the stock is owned by hedge funds and other institutional investors.

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Keysight Technologies Company Profile

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

Insider Buying and Selling by Quarter for Keysight Technologies (NYSE:KEYS)

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