Endurance Wealth Management Inc. reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 3.8% during the 1st quarter, Holdings Channel reports. The fund owned 8,130 shares of the scientific and technical instruments company’s stock after selling 325 shares during the period. Endurance Wealth Management Inc.’s holdings in Keysight Technologies were worth $1,166,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in KEYS. Semmax Financial Advisors Inc. bought a new position in Keysight Technologies in the 1st quarter valued at about $26,000. Freedman Financial Associates Inc. bought a new position in Keysight Technologies in the 4th quarter valued at about $28,000. Fieldpoint Private Securities LLC bought a new position in Keysight Technologies in the 4th quarter valued at about $31,000. NN Investment Partners Holdings N.V. bought a new position in Keysight Technologies in the 1st quarter valued at about $31,000. Finally, Assetmark Inc. bought a new position in Keysight Technologies in the 4th quarter valued at about $37,000. 84.88% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Satish Dhanasekaran sold 2,490 shares of Keysight Technologies stock in a transaction on Monday, March 29th. The shares were sold at an average price of $142.18, for a total transaction of $354,028.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Thursday, February 18th. The scientific and technical instruments company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. Keysight Technologies had a net margin of 14.85% and a return on equity of 25.76%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $1.26 earnings per share. On average, analysts expect that Keysight Technologies, Inc. will post 5.17 earnings per share for the current year.
Several brokerages have recently commented on KEYS. Citigroup raised their target price on shares of Keysight Technologies from $130.00 to $175.00 in a report on Friday, January 22nd. Credit Suisse Group raised their target price on shares of Keysight Technologies from $125.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $135.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 5th. Deutsche Bank Aktiengesellschaft cut shares of Keysight Technologies from a “buy” rating to a “hold” rating and raised their target price for the stock from $131.00 to $150.00 in a report on Monday, January 25th. Finally, Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Monday, February 22nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Keysight Technologies has an average rating of “Buy” and a consensus target price of $149.09.
Keysight Technologies Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test instruments; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.
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