Everence Capital Management Inc. Acquires New Holdings in Keysight Technologies Inc (KEYS)

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Everence Capital Management Inc. acquired a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,004 shares of the scientific and technical instruments company’s stock, valued at approximately $698,000.

Other institutional investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new position in shares of Keysight Technologies in the first quarter worth $29,000. Kaizen Advisory LLC bought a new position in shares of Keysight Technologies in the fourth quarter worth $32,000. Sun Life Financial INC bought a new position in shares of Keysight Technologies in the fourth quarter worth $32,000. First Personal Financial Services bought a new position in shares of Keysight Technologies in the first quarter worth $46,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Keysight Technologies by 41.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 154 shares during the period. 88.55% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on KEYS shares. Deutsche Bank lifted their price objective on 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 lifted their price objective on Keysight Technologies from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Citigroup raised Keysight Technologies to a “top pick” rating and set a $100.00 price objective for the company in a research note on Friday, February 22nd. Jefferies Financial Group lifted their price objective on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, Dougherty & Co reissued a “sell” rating on shares of Keysight Technologies in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $88.33.

NYSE:KEYS opened at $83.77 on Wednesday. The firm has a market cap of $15.75 billion, a P/E ratio of 27.92 and a beta of 1.14. Keysight Technologies Inc has a 52-week low of $52.55 and a 52-week high of $93.77. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.36.

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

In other Keysight Technologies news, CFO Neil Dougherty sold 42,133 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $84.85, for a total transaction of $3,574,985.05. Following the sale, the chief financial officer now owns 77,217 shares in the company, valued at $6,551,862.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John C. Skinner sold 4,671 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $84.61, for a total value of $395,213.31. Following the sale, the vice president now owns 30,377 shares in the company, valued at approximately $2,570,197.97. The disclosure for this sale can be found here. Insiders have sold 99,707 shares of company stock worth $8,455,884 in the last 90 days. Company insiders own 0.65% of the company’s stock.

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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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