Keysight Technologies Inc (KEYS) Stake Raised by ARP Americas LP

ARP Americas LP lifted its position in shares of Keysight Technologies Inc (NYSE:KEYS) by 53.1% in the 1st quarter, Holdings Channel reports. The firm owned 8,268 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,868 shares during the period. ARP Americas LP’s holdings in Keysight Technologies were worth $721,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KEYS. Atlas Capital Advisors LLC purchased a new stake in Keysight Technologies in the first quarter valued at $29,000. Kaizen Advisory LLC acquired a new position in Keysight Technologies in the fourth quarter valued at $32,000. Sun Life Financial INC acquired a new position in Keysight Technologies in the fourth quarter valued at $32,000. First Personal Financial Services acquired a new position in Keysight Technologies in the first quarter valued at $46,000. Finally, Parkside Financial Bank & Trust increased its stake in Keysight Technologies by 41.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 154 shares during the period. 89.44% of the stock is owned by institutional investors and hedge funds.

Shares of Keysight Technologies stock opened at $73.69 on Friday. Keysight Technologies Inc has a 52-week low of $52.67 and a 52-week high of $93.77. The company has a current ratio of 1.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The stock has a market cap of $13.85 billion, a PE ratio of 24.56 and a beta of 1.14.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Keysight Technologies had a net margin of 4.57% and a return on equity of 25.15%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.22 million. Equities analysts anticipate that Keysight Technologies Inc will post 3.66 earnings per share for the current fiscal year.

In other Keysight Technologies news, SVP Jay Alexander sold 17,342 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $84.52, for a total transaction of $1,465,745.84. Following the transaction, the senior vice president now directly owns 78,720 shares in the company, valued at $6,653,414.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil Dougherty sold 42,133 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $84.85, for a total transaction of $3,574,985.05. Following the transaction, the chief financial officer now owns 77,217 shares in the company, valued at $6,551,862.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,707 shares of company stock worth $8,455,884. Company insiders own 0.65% of the company’s stock.

KEYS has been the topic of a number of recent research reports. Deutsche Bank lifted their price objective on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Stifel Nicolaus lifted their price objective on shares of Keysight Technologies from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Citigroup upgraded shares of Keysight Technologies to a “top pick” rating and set a $100.00 price objective on the stock in a research note on Friday, February 22nd. Jefferies Financial Group boosted their price target on shares of Keysight Technologies to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Robert W. Baird lowered shares of Keysight Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $82.00 in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $89.33.

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

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