CENTRAL TRUST Co Raises Position in Keysight Technologies Inc (KEYS)

CENTRAL TRUST Co increased its stake in shares of Keysight Technologies Inc (NYSE:KEYS) by 7.6% in the first quarter, Holdings Channel reports. The fund owned 13,868 shares of the scientific and technical instruments company’s stock after purchasing an additional 984 shares during the period. CENTRAL TRUST Co’s holdings in Keysight Technologies were worth $1,209,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in Keysight Technologies during the fourth quarter valued at $108,952,000. Congress Asset Management Co. MA purchased a new stake in shares of Keysight Technologies in the fourth quarter valued at $81,678,000. Geode Capital Management LLC raised its stake in shares of Keysight Technologies by 48.2% in the fourth quarter. Geode Capital Management LLC now owns 2,678,128 shares of the scientific and technical instruments company’s stock valued at $165,994,000 after acquiring an additional 871,373 shares during the period. Deutsche Bank AG raised its stake in shares of Keysight Technologies by 88.1% in the fourth quarter. Deutsche Bank AG now owns 1,757,954 shares of the scientific and technical instruments company’s stock valued at $109,130,000 after acquiring an additional 823,501 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in shares of Keysight Technologies by 91.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,017,038 shares of the scientific and technical instruments company’s stock valued at $63,138,000 after acquiring an additional 485,479 shares during the period. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank increased their target price 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 increased their target price 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. Dougherty & Co reissued a “sell” rating on shares of Keysight Technologies in a research note on Friday, March 1st. Jefferies Financial Group increased their target price on shares of Keysight Technologies to $100.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, TheStreet raised shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $88.33.

In related news, SVP Jay Alexander sold 17,342 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $84.52, for a total value of $1,465,745.84. Following the transaction, the senior vice president now owns 78,720 shares of the company’s stock, valued at approximately $6,653,414.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Adam Wallace sold 4,775 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $85.65, for a total transaction of $408,978.75. The disclosure for this sale can be found here. Insiders sold a total of 99,707 shares of company stock worth $8,455,884 in the last ninety days. 0.65% of the stock is currently owned by insiders.

Shares of KEYS opened at $85.88 on Monday. Keysight Technologies Inc has a twelve month low of $50.59 and a twelve month high of $93.77. The firm has a market capitalization of $16.14 billion, a PE ratio of 28.63 and a beta of 1.17. The company has a current ratio of 1.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49.

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

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Keysight Technologies Profile

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.

See Also: Book Value Per Share – BVPS

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

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