Keysight Technologies Inc (KEYS) Shares Sold by Synovus Financial Corp

Synovus Financial Corp cut its holdings in Keysight Technologies Inc (NYSE:KEYS) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,142 shares of the scientific and technical instruments company’s stock after selling 1,590 shares during the period. Synovus Financial Corp’s holdings in Keysight Technologies were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. ELM Advisors LLC bought a new position in shares of Keysight Technologies in the 3rd quarter worth about $101,000. Dupont Capital Management Corp acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $102,000. Qube Research & Technologies Ltd acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $120,000. First Hawaiian Bank acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $149,000. Finally, Spinnaker Trust acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $201,000. 87.49% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on KEYS shares. Citigroup raised their target price on Keysight Technologies from $62.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, July 18th. ValuEngine upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Stifel Nicolaus started coverage on Keysight Technologies in a research note on Monday, October 22nd. They issued a “buy” rating and a $73.00 target price for the company. Goldman Sachs Group upgraded Keysight Technologies from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. Finally, Jefferies Financial Group raised their target price on Keysight Technologies to $74.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $71.56.

KEYS stock opened at $60.67 on Thursday. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 27.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75. Keysight Technologies Inc has a 52-week low of $41.33 and a 52-week high of $70.40.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $961.91 million. Keysight Technologies had a return on equity of 20.58% and a net margin of 6.50%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. On average, analysts forecast that Keysight Technologies Inc will post 2.88 EPS for the current year.

In other Keysight Technologies news, CFO Neil Dougherty sold 3,999 shares of Keysight Technologies stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $65.57, for a total transaction of $262,214.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by insiders.

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

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