Satish Dhanasekaran Sells 2,000 Shares of Keysight (KEYS) Stock

Keysight (NYSE:KEYS) SVP Satish Dhanasekaran sold 2,000 shares of the stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $51.94, for a total value of $103,880.00. Following the completion of the transaction, the senior vice president now owns 21,945 shares in the company, valued at $1,139,823.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE:KEYS opened at $52.39 on Friday. Keysight has a 12-month low of $35.05 and a 12-month high of $55.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.57. The firm has a market capitalization of $9,954.10, a PE ratio of 23.49 and a beta of 1.14.

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Keysight (NYSE:KEYS) last posted its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.19. Keysight had a return on equity of 18.19% and a net margin of 2.64%. The business had revenue of $837.00 million for the quarter, compared to analyst estimates of $805.96 million. During the same period last year, the company earned $0.57 EPS. The firm’s revenue was up 15.3% on a year-over-year basis. analysts forecast that Keysight will post 2.7 EPS for the current fiscal year.

Keysight declared that its board has initiated a stock buyback program on Tuesday, March 6th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

KEYS has been the topic of a number of recent research reports. Jefferies Group reiterated a “buy” rating and issued a $62.00 price objective on shares of Keysight in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Barclays set a $53.00 price objective on Keysight and gave the company a “buy” rating in a research report on Sunday, March 4th. Deutsche Bank increased their price objective on Keysight to $55.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Zacks Investment Research upgraded Keysight from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Wednesday, December 13th. Finally, ValuEngine upgraded Keysight from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.50.

Several large investors have recently bought and sold shares of the company. Invictus RG bought a new position in Keysight during the third quarter worth about $111,000. SeaCrest Wealth Management LLC bought a new position in Keysight during the fourth quarter worth about $121,000. Cerebellum GP LLC bought a new position in Keysight during the fourth quarter worth about $125,000. Robeco Institutional Asset Management B.V. bought a new position in Keysight during the fourth quarter worth about $168,000. Finally, Financial Counselors Inc. bought a new position in Keysight during the third quarter worth about $210,000. Institutional investors and hedge funds own 88.65% of the company’s stock.

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About Keysight

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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

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