Keysight (NYSE:KEYS) CFO Neil Dougherty sold 6,671 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $51.13, for a total transaction of $341,088.23. Following the completion of the sale, the chief financial officer now owns 90,195 shares in the company, valued at $4,611,670.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE:KEYS opened at $52.39 on Monday. The stock has a market cap of $9,954.10, a P/E ratio of 23.49 and a beta of 1.14. 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.
Keysight (NYSE:KEYS) last issued its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $837.00 million for the quarter, compared to the consensus estimate of $805.96 million. Keysight had a net margin of 2.64% and a return on equity of 18.19%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. equities analysts forecast that Keysight will post 2.7 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in KEYS. Invictus RG purchased a new stake in Keysight in the 3rd quarter valued at about $111,000. SeaCrest Wealth Management LLC purchased a new stake in Keysight in the 4th quarter valued at about $121,000. Cerebellum GP LLC purchased a new stake in Keysight in the 4th quarter valued at about $125,000. Robeco Institutional Asset Management B.V. purchased a new stake in Keysight in the 4th quarter valued at about $168,000. Finally, Financial Counselors Inc. purchased a new stake in Keysight in the 3rd quarter valued at about $210,000. 88.65% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Keysight from a “buy” rating to a “hold” rating in a report on Saturday, March 10th. Citigroup boosted their target price on shares of Keysight from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Deutsche Bank boosted their target price on shares of Keysight to $65.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Credit Suisse Group boosted their target price on shares of Keysight from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, March 9th. Finally, Robert W. Baird restated an “outperform” rating and issued a $60.00 target price (up from $52.00) on shares of Keysight in a report on Thursday, March 8th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.50.
Keysight Company Profile
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.
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