D.A. Davidson & CO. Makes New $309,000 Investment in Keysight Technologies Inc (NYSE:KEYS)

D.A. Davidson & CO. purchased a new stake in Keysight Technologies Inc (NYSE:KEYS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,174 shares of the scientific and technical instruments company’s stock, valued at approximately $309,000.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. purchased a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $30,000. Squar Milner Financial Services LLC raised its holdings in shares of Keysight Technologies by 328.4% in the 3rd 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 in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Keysight Technologies in the 2nd quarter valued at about $35,000. Flagship Harbor Advisors LLC raised its holdings in shares of Keysight Technologies by 165.7% in the 3rd 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 in the last quarter. Finally, CWM LLC raised its holdings in shares of Keysight Technologies by 69.3% in the 3rd 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 in the last quarter. 87.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE KEYS opened at $107.37 on Tuesday. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.36 and a beta of 1.27. The company has a current ratio of 2.05, a quick ratio of 1.56 and a debt-to-equity ratio of 0.44. Keysight Technologies Inc has a 1-year low of $53.21 and a 1-year high of $110.00. The stock’s 50-day moving average is $100.56 and its 200 day moving average is $91.48.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.22. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. Keysight Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. On average, analysts forecast that Keysight Technologies Inc will post 4.23 EPS for the current fiscal year.

Several analysts have weighed in on KEYS shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $110.00 price target (up previously from $90.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Robert W. Baird raised Keysight Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $82.00 to $100.00 in a report on Thursday, August 22nd. ValuEngine cut Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Susquehanna Bancshares began coverage on Keysight Technologies in a report on Friday, October 18th. They set a “positive” rating and a $115.00 price objective on the stock. Finally, Deutsche Bank reissued a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $102.00.

In other Keysight Technologies news, SVP Satish Dhanasekaran sold 2,600 shares of Keysight Technologies stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $96.56, for a total value of $251,056.00. Following the transaction, the senior vice president now directly owns 33,140 shares of the company’s stock, valued at approximately $3,199,998.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jay Alexander sold 18,067 shares of Keysight Technologies stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $94.01, for a total value of $1,698,478.67. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,167 shares of company stock worth $2,299,535. 0.65% of the stock is currently owned by insiders.

About Keysight Technologies

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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