Gabelli Funds LLC Has $970,000 Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Gabelli Funds LLC cut its position in Keysight Technologies, Inc. (NYSE:KEYS) by 19.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,200 shares of the scientific and technical instruments company’s stock after selling 1,500 shares during the quarter. Gabelli Funds LLC’s holdings in Keysight Technologies were worth $970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JT Stratford LLC grew its stake in Keysight Technologies by 33.4% in the 1st quarter. JT Stratford LLC now owns 9,813 shares of the scientific and technical instruments company’s stock valued at $1,535,000 after buying an additional 2,456 shares during the last quarter. Capital World Investors acquired a new position in Keysight Technologies in the 1st quarter valued at $250,097,000. Capital International Sarl acquired a new position in Keysight Technologies in the 1st quarter valued at $2,434,000. Capital International Ltd. CA acquired a new position in Keysight Technologies in the 1st quarter valued at $2,156,000. Finally, Capital International Inc. CA bought a new stake in Keysight Technologies in the 1st quarter valued at $1,136,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded up $2.51 during midday trading on Friday, reaching $138.40. 816,144 shares of the company’s stock were exchanged, compared to its average volume of 1,089,291. The company’s 50 day simple moving average is $139.14 and its two-hundred day simple moving average is $148.30. The firm has a market capitalization of $24.16 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 4.78 and a beta of 0.95. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $170.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.99.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Equities research analysts expect that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of research reports. Robert W. Baird increased their price target on shares of Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Vertical Research initiated coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target for the company. Barclays increased their price target on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Finally, Susquehanna reduced their price target on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.20.

Insider Activity at Keysight Technologies

In other news, Director Kevin A. Stephens purchased 460 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $143.35 per share, with a total value of $65,941.00. Following the acquisition, the director now directly owns 7,681 shares of the company’s stock, valued at approximately $1,101,071.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kevin A. Stephens acquired 460 shares of the stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the transaction, the director now owns 7,681 shares of the company’s stock, valued at approximately $1,101,071.35. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the sale, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.