Short Interest in Keysight Technologies Inc. (NYSE:KEYS) Increases By 63.5%

Keysight Technologies Inc. (NYSE:KEYS) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,985,115 shares, a growth of 63.5% from the June 15th total of 1,214,400 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 1,828,642 shares, the short-interest ratio is presently 1.1 days.

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 18,130 shares of Keysight Technologies stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $37.26, for a total transaction of $675,523.80. Following the transaction, the senior vice president now directly owns 61,140 shares of the company’s stock, valued at $2,278,076.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Gasparian sold 2,677 shares of Keysight Technologies stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $41.66, for a total transaction of $111,523.82. Following the transaction, the senior vice president now directly owns 65,926 shares in the company, valued at $2,746,477.16. The disclosure for this sale can be found here. Insiders have sold 461,554 shares of company stock worth $17,749,840 over the last ninety days. 1.23% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in KEYS. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Keysight Technologies by 171.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock valued at $137,000 after buying an additional 2,400 shares during the last quarter. Creative Planning raised its position in shares of Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 63 shares during the last quarter. New England Research & Management Inc. bought a new position in shares of Keysight Technologies during the second quarter valued at $222,000. San Francisco Sentry Investment Group CA raised its position in shares of Keysight Technologies by 1.7% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 100 shares during the last quarter. Finally, Cadence Capital Management LLC raised its position in shares of Keysight Technologies by 2.6% in the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock valued at $220,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

KEYS has been the topic of a number of analyst reports. Credit Suisse Group initiated coverage on shares of Keysight Technologies in a research note on Monday, May 8th. They set an “outperform” rating and a $44.00 target price on the stock. Zacks Investment Research cut shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 21st. TheStreet cut shares of Keysight Technologies from a “b-” rating to a “c” rating in a research report on Thursday, May 18th. Stifel Nicolaus lifted their price target on shares of Keysight Technologies from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, June 7th. Finally, Robert W. Baird lifted their price target on shares of Keysight Technologies from $38.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Keysight Technologies presently has an average rating of “Buy” and a consensus target price of $45.44.

Shares of Keysight Technologies (NYSE KEYS) opened at 42.50 on Tuesday. Keysight Technologies has a 12 month low of $26.87 and a 12 month high of $42.57. The firm has a market capitalization of $7.88 billion, a PE ratio of 21.60 and a beta of 1.12. The firm’s 50 day moving average is $39.30 and its 200-day moving average is $37.89.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.12. The business had revenue of $758 million for the quarter, compared to analyst estimates of $748.59 million. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. On average, analysts expect that Keysight Technologies will post $2.47 EPS for the current fiscal year.

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Keysight Technologies Company Profile

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.