Keysight Technologies Inc. (NYSE:KEYS – Get Free Report) CEO Satish Dhanasekaran sold 4,230 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $211.43, for a total value of $894,348.90. Following the completion of the transaction, the chief executive officer owned 128,131 shares of the company’s stock, valued at approximately $27,090,737.33. The trade was a 3.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Satish Dhanasekaran also recently made the following trade(s):
- On Monday, December 1st, Satish Dhanasekaran sold 12,528 shares of Keysight Technologies stock. The stock was sold at an average price of $196.42, for a total value of $2,460,749.76.
Keysight Technologies Stock Up 0.7%
Keysight Technologies stock traded up $1.51 on Thursday, hitting $214.29. 758,225 shares of the stock traded hands, compared to its average volume of 1,048,344. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $214.58. The firm has a market cap of $36.83 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.19. The company has a current ratio of 2.35, a quick ratio of 1.78 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $180.54 and its 200 day simple moving average is $170.44.
Keysight Technologies declared that its Board of Directors has authorized a share buyback plan on Monday, November 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the scientific and technical instruments company to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Institutional Trading of Keysight Technologies
A number of large investors have recently made changes to their positions in KEYS. Vanguard Group Inc. raised its holdings in shares of Keysight Technologies by 0.5% during the third quarter. Vanguard Group Inc. now owns 21,423,838 shares of the scientific and technical instruments company’s stock valued at $3,747,458,000 after purchasing an additional 97,064 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Keysight Technologies by 16.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company’s stock valued at $2,814,195,000 after buying an additional 2,675,148 shares during the period. State Street Corp grew its holdings in shares of Keysight Technologies by 0.7% in the second quarter. State Street Corp now owns 7,973,742 shares of the scientific and technical instruments company’s stock worth $1,306,577,000 after acquiring an additional 55,358 shares during the period. Boston Partners increased its position in Keysight Technologies by 3.4% during the third quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company’s stock valued at $851,525,000 after acquiring an additional 160,728 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Keysight Technologies by 0.9% in the second quarter. Geode Capital Management LLC now owns 4,575,953 shares of the scientific and technical instruments company’s stock valued at $747,437,000 after acquiring an additional 40,560 shares during the period. 84.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
KEYS has been the topic of a number of analyst reports. Susquehanna boosted their price target on Keysight Technologies from $215.00 to $225.00 and gave the stock a “positive” rating in a research report on Tuesday, November 25th. UBS Group set a $230.00 target price on Keysight Technologies in a report on Tuesday, November 25th. Bank of America raised their price target on Keysight Technologies from $175.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keysight Technologies in a research report on Monday, December 1st. Finally, Robert W. Baird set a $210.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 26th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.09.
Check Out Our Latest Research Report on Keysight Technologies
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.
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