Magnetar Financial LLC Acquires New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Magnetar Financial LLC purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 2,153 shares of the scientific and technical instruments company’s stock, valued at approximately $337,000.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC acquired a new position in Keysight Technologies in the 1st quarter worth about $25,000. Larson Financial Group LLC acquired a new position in Keysight Technologies during the first quarter worth $31,000. Venturi Wealth Management LLC raised its stake in Keysight Technologies by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 159 shares in the last quarter. EdgeRock Capital LLC purchased a new position in shares of Keysight Technologies during the fourth quarter worth about $46,000. Finally, GAMMA Investing LLC purchased a new position in shares of Keysight Technologies during the fourth quarter worth about $48,000. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Up 0.0 %

KEYS traded up $0.05 during trading hours on Monday, hitting $138.45. 12,729 shares of the company’s stock were exchanged, compared to its average volume of 1,187,380. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.63. The stock’s 50-day moving average is $139.14 and its two-hundred day moving average is $148.24. The stock has a market cap of $24.17 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 4.78 and a beta of 0.95. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 0.24.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.20 billion. Sell-side analysts predict that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays lifted their price objective on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective for the company. Robert W. Baird upped their price target on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Susquehanna cut their price objective on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and a consensus price target of $167.20.

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