Gabelli Funds LLC Acquires 300 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Gabelli Funds LLC raised its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYSFree Report) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 300 shares during the quarter. Gabelli Funds LLC’s holdings in Keysight Technologies were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Spire Wealth Management boosted its stake in Keysight Technologies by 51,115.3% during the 3rd quarter. Spire Wealth Management now owns 30,217 shares of the scientific and technical instruments company’s stock valued at $3,998,000 after purchasing an additional 30,158 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Keysight Technologies by 16.8% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 1,982 shares of the scientific and technical instruments company’s stock valued at $262,000 after purchasing an additional 285 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in Keysight Technologies by 62.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 10,350 shares of the scientific and technical instruments company’s stock valued at $1,370,000 after purchasing an additional 3,995 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Keysight Technologies during the 3rd quarter valued at $1,520,000. Finally, New York Life Investment Management LLC boosted its stake in Keysight Technologies by 1.7% during the 3rd quarter. New York Life Investment Management LLC now owns 28,734 shares of the scientific and technical instruments company’s stock valued at $3,802,000 after purchasing an additional 488 shares during the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $161.52 on Friday. The stock has a 50-day simple moving average of $153.85 and a two-hundred day simple moving average of $141.67. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $189.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.87 and a current ratio of 2.35. The firm has a market capitalization of $28.21 billion, a PE ratio of 27.28, a P/E/G ratio of 4.50 and a beta of 1.08.

Keysight Technologies (NYSE:KEYSGet Free Report) last released its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.12. Keysight Technologies had a return on equity of 28.98% and a net margin of 19.34%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company posted $2.02 earnings per share. Keysight Technologies’s revenue for the quarter was down 9.2% on a year-over-year basis. Analysts forecast that Keysight Technologies, Inc. will post 6.36 EPS for the current year.

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of research reports. TheStreet upgraded Keysight Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Robert W. Baird lifted their price objective on Keysight Technologies from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, November 21st. Barclays cut their price objective on Keysight Technologies from $144.00 to $134.00 and set an “equal weight” rating for the company in a report on Tuesday, November 21st. StockNews.com lowered Keysight Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Citigroup cut their price objective on Keysight Technologies from $174.00 to $165.00 and set a “buy” rating for the company in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $171.18.

Read Our Latest Stock Analysis on Keysight Technologies

Insider Activity

In other news, CEO Satish Dhanasekaran sold 7,275 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $134.90, for a total value of $981,397.50. Following the transaction, the chief executive officer now directly owns 116,277 shares in the company, valued at $15,685,767.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Satish Dhanasekaran sold 7,275 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $134.90, for a total value of $981,397.50. Following the transaction, the chief executive officer now directly owns 116,277 shares in the company, valued at $15,685,767.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Soon Chai Gooi sold 14,900 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $148.03, for a total value of $2,205,647.00. Following the completion of the sale, the senior vice president now owns 239,488 shares in the company, valued at $35,451,408.64. The disclosure for this sale can be found here. Insiders have sold 76,402 shares of company stock worth $11,764,950 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Profile

(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.

Further Reading

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

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