Contravisory Investment Management Inc. Lowers Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)


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Contravisory Investment Management Inc. lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,839 shares of the scientific and technical instruments company’s stock after selling 88 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Keysight Technologies were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Mutual Advisors LLC lifted its position in shares of Keysight Technologies by 2.2% during the 4th quarter. Mutual Advisors LLC now owns 3,337 shares of the scientific and technical instruments company’s stock valued at $441,000 after acquiring an additional 71 shares during the period. Lindbrook Capital LLC lifted its position in shares of Keysight Technologies by 35.5% during the 4th quarter. Lindbrook Capital LLC now owns 332 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 87 shares during the period. HighPoint Advisor Group LLC lifted its position in shares of Keysight Technologies by 3.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 3,063 shares of the scientific and technical instruments company’s stock valued at $448,000 after acquiring an additional 104 shares during the period. CX Institutional lifted its position in shares of Keysight Technologies by 39.0% during the 4th quarter. CX Institutional now owns 385 shares of the scientific and technical instruments company’s stock valued at $51,000 after acquiring an additional 108 shares during the period. Finally, Insight Wealth Strategies LLC lifted its position in shares of Keysight Technologies by 5.3% during the 4th quarter. Insight Wealth Strategies LLC now owns 2,196 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 110 shares during the period. Institutional investors own 84.88% of the company’s stock.

In other Keysight Technologies news, COO Satish Dhanasekaran sold 2,490 shares of the business’s stock in a transaction on Monday, March 29th. The stock was sold at an average price of $142.18, for a total value of $354,028.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating and lifted their price target for the company from $131.00 to $150.00 in a research report on Monday, January 25th. Barclays lifted their price objective on Keysight Technologies from $135.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, January 14th. Citigroup lifted their price objective on Keysight Technologies from $130.00 to $175.00 in a research report on Friday, January 22nd. Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Monday, February 22nd. Finally, Credit Suisse Group lifted their price objective on Keysight Technologies from $125.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Keysight Technologies has a consensus rating of “Buy” and a consensus price target of $149.09.

Shares of KEYS opened at $145.27 on Friday. The stock has a fifty day moving average of $139.85 and a two-hundred day moving average of $129.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.42 and a current ratio of 3.12. The company has a market capitalization of $27.02 billion, a PE ratio of 43.89, a price-to-earnings-growth ratio of 2.79 and a beta of 1.04. Keysight Technologies, Inc. has a fifty-two week low of $90.62 and a fifty-two week high of $155.50.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Thursday, February 18th. The scientific and technical instruments company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.06. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Keysight Technologies had a return on equity of 25.76% and a net margin of 14.85%. During the same period in the previous year, the firm posted $1.26 EPS. As a group, equities research analysts forecast that Keysight Technologies, Inc. will post 5.17 earnings per share for the current fiscal year.

About Keysight Technologies

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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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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