NEXT Financial Group Inc Lowers Position in Keysight Technologies Inc (NYSE:KEYS)

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NEXT Financial Group Inc lowered its holdings in Keysight Technologies Inc (NYSE:KEYS) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,658 shares of the scientific and technical instruments company’s stock after selling 371 shares during the period. NEXT Financial Group Inc’s holdings in Keysight Technologies were worth $581,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KEYS. BlackRock Inc. increased its position in shares of Keysight Technologies by 9.7% during the 2nd quarter. BlackRock Inc. now owns 15,859,092 shares of the scientific and technical instruments company’s stock valued at $1,424,307,000 after purchasing an additional 1,398,576 shares during the last quarter. State Street Corp increased its position in shares of Keysight Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 7,720,750 shares of the scientific and technical instruments company’s stock valued at $750,843,000 after purchasing an additional 31,966 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Keysight Technologies by 3.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,405,285 shares of the scientific and technical instruments company’s stock valued at $136,817,000 after purchasing an additional 41,358 shares during the last quarter. Man Group plc increased its position in shares of Keysight Technologies by 312.8% during the 3rd quarter. Man Group plc now owns 836,184 shares of the scientific and technical instruments company’s stock valued at $81,319,000 after purchasing an additional 633,633 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Keysight Technologies by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 828,185 shares of the scientific and technical instruments company’s stock valued at $80,541,000 after purchasing an additional 15,649 shares during the last quarter. 87.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Neil Dougherty sold 23,254 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $103.19, for a total transaction of $2,399,580.26. Following the transaction, the chief financial officer now directly owns 92,530 shares in the company, valued at approximately $9,548,170.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ronald S. Nersesian sold 109,624 shares of the firm’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 value of $11,378,971.20. Following the transaction, the chief executive officer now owns 298,970 shares in the company, valued at $31,033,086. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,829 shares of company stock worth $16,513,651. 0.65% of the stock is owned by corporate insiders.

KEYS opened at $104.16 on Friday. The stock’s 50 day simple moving average is $103.26 and its 200 day simple moving average is $98.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.21 and a quick ratio of 2.50. Keysight Technologies Inc has a 1 year low of $67.93 and a 1 year high of $110.00. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.40 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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.21. Keysight Technologies had a return on equity of 29.25% and a net margin of 14.43%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $1.01 EPS. Keysight Technologies’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keysight Technologies Inc will post 4.83 EPS for the current year.

Several equities analysts have recently commented on KEYS shares. Stifel Nicolaus increased their price objective on Keysight Technologies from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Bank of America started coverage on Keysight Technologies in a research report on Monday, November 18th. They set a “neutral” rating and a $115.00 price objective on the stock. Citigroup increased their price objective on Keysight Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Credit Suisse Group reiterated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Keysight Technologies in a research report on Wednesday, November 27th. Finally, Susquehanna Bancshares reiterated a “buy” rating on shares of Keysight Technologies in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $109.45.

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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