Keysight (KEYS) Holdings Trimmed by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management trimmed its position in Keysight (NYSE:KEYS) by 7.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,815 shares of the scientific and technical instruments company’s stock after selling 2,690 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Keysight were worth $1,667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in shares of Keysight in the 4th quarter valued at $121,000. Cerebellum GP LLC bought a new position in shares of Keysight in the 4th quarter valued at $125,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Keysight in the 4th quarter valued at $168,000. Mission Wealth Management LP bought a new position in shares of Keysight in the 1st quarter valued at $230,000. Finally, Comerica Securities Inc. bought a new position in shares of Keysight in the 1st quarter valued at $268,000. Institutional investors own 87.76% of the company’s stock.

Shares of Keysight opened at $53.83 on Friday, Marketbeat reports. The firm has a market cap of $10.21 billion, a P/E ratio of 24.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.57 and a quick ratio of 1.88. Keysight has a 12-month low of $35.62 and a 12-month high of $55.21.

Keysight (NYSE:KEYS) last announced its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.19. Keysight had a return on equity of 18.19% and a net margin of 2.64%. The business had revenue of $837.00 million during the quarter, compared to analyst estimates of $805.96 million. During the same period last year, the company earned $0.57 EPS. Keysight’s revenue for the quarter was up 15.3% compared to the same quarter last year. analysts expect that Keysight will post 2.69 earnings per share for the current fiscal year.

Keysight announced that its Board of Directors has authorized a share buyback program on Tuesday, March 6th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

In other Keysight news, SVP Ingrid A. Estrada sold 43,134 shares of the stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $52.78, for a total transaction of $2,276,612.52. Following the completion of the sale, the senior vice president now directly owns 74,213 shares in the company, valued at approximately $3,916,962.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jay Alexander sold 12,922 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $54.67, for a total value of $706,445.74. Following the sale, the senior vice president now owns 70,120 shares of the company’s stock, valued at $3,833,460.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,049 shares of company stock valued at $6,107,829. Company insiders own 0.97% of the company’s stock.

A number of research analysts have recently commented on KEYS shares. Zacks Investment Research upgraded Keysight from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Thursday, March 8th. Deutsche Bank raised their target price on Keysight to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Barclays set a $53.00 target price on Keysight and gave the stock a “buy” rating in a research report on Sunday, March 4th. Citigroup raised their target price on Keysight from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. Finally, ValuEngine raised Keysight from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $55.50.

Keysight Company 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.

Institutional Ownership by Quarter for Keysight (NYSE:KEYS)

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