Three Peaks Capital Management LLC Sells 7,778 Shares of Keysight Technologies Inc (NYSE:KEYS)

Three Peaks Capital Management LLC cut its holdings in shares of Keysight Technologies Inc (NYSE:KEYS) by 17.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 37,795 shares of the scientific and technical instruments company’s stock after selling 7,778 shares during the period. Three Peaks Capital Management LLC’s holdings in Keysight Technologies were worth $3,879,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KEYS. Quantum Capital Management bought a new stake in Keysight Technologies during the third quarter valued at about $28,000. Squar Milner Financial Services LLC raised its holdings in Keysight Technologies by 328.4% during the third quarter. Squar Milner Financial Services LLC now owns 317 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 243 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Keysight Technologies by 165.7% during the third quarter. Flagship Harbor Advisors LLC now owns 372 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 232 shares during the period. CWM LLC raised its holdings in Keysight Technologies by 69.3% during the third quarter. CWM LLC now owns 381 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 156 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in Keysight Technologies by 32.1% during the third quarter. Golden State Wealth Management LLC now owns 412 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. 87.83% of the stock is currently owned by institutional investors and hedge funds.

KEYS has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Keysight Technologies in a report on Monday, November 18th. They set a “neutral” rating and a $115.00 price target on the stock. Stifel Nicolaus raised their price target on Keysight Technologies from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Citigroup raised their price target on Keysight Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank raised their price target on Keysight Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Credit Suisse Group restated an “outperform” rating and set a $125.00 price objective (up previously from $110.00) on shares of Keysight Technologies in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $109.45.

In related news, SVP Ingrid A. Estrada sold 7,624 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $107.28, for a total value of $817,902.72. Following the completion of the transaction, the senior vice president now owns 84,048 shares of the company’s stock, valued at $9,016,669.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ronald S. Nersesian sold 109,624 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $103.80, for a total transaction of $11,378,971.20. Following the completion of the transaction, the chief executive officer now directly owns 298,970 shares of the company’s stock, valued at approximately $31,033,086. The disclosure for this sale can be found here. Insiders have sold 158,829 shares of company stock valued at $16,513,651 in the last ninety days. Insiders own 0.65% of the company’s stock.

Shares of Keysight Technologies stock traded up $0.86 on Friday, hitting $104.23. 35,464 shares of the company traded hands, compared to its average volume of 1,278,819. The stock’s 50 day moving average price is $103.30 and its 200-day moving average price is $97.81. The company has a current ratio of 3.21, a quick ratio of 2.50 and a debt-to-equity ratio of 0.60. Keysight Technologies Inc has a 52 week low of $66.96 and a 52 week high of $110.00. The company has a market cap of $19.04 billion, a PE ratio of 24.09, a PEG ratio of 2.31 and a beta of 1.24.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, November 26th. The scientific and technical instruments company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.21. Keysight Technologies had a net margin of 14.43% and a return on equity of 29.25%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Keysight Technologies Inc will post 4.83 EPS for the current fiscal year.

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.

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

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