Vontobel Holding Ltd. lowered its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 158,732 shares of the scientific and technical instruments company’s stock after selling 5,512 shares during the period. Vontobel Holding Ltd. owned 0.09% of Keysight Technologies worth $27,765,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its position in shares of Keysight Technologies by 5.2% during the third quarter. DAVENPORT & Co LLC now owns 33,890 shares of the scientific and technical instruments company’s stock worth $5,900,000 after purchasing an additional 1,672 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Keysight Technologies by 1.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 33,284 shares of the scientific and technical instruments company’s stock valued at $5,769,000 after buying an additional 357 shares in the last quarter. OFI Invest Asset Management raised its stake in Keysight Technologies by 16.6% during the 3rd quarter. OFI Invest Asset Management now owns 802 shares of the scientific and technical instruments company’s stock worth $140,000 after buying an additional 114 shares during the period. Exchange Traded Concepts LLC raised its stake in Keysight Technologies by 9.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,970 shares of the scientific and technical instruments company’s stock worth $345,000 after buying an additional 174 shares during the period. Finally, CHICAGO TRUST Co NA bought a new position in Keysight Technologies during the third quarter worth about $212,000. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Stock Performance
NYSE KEYS opened at $205.33 on Thursday. The firm has a market capitalization of $35.28 billion, a P/E ratio of 41.99, a price-to-earnings-growth ratio of 2.18 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 firm’s fifty day moving average price is $187.78 and its two-hundred day moving average price is $173.60. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $214.58.
Keysight Technologies declared that its Board of Directors has initiated a share buyback program on Monday, November 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 4,230 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $211.43, for a total value of $894,348.90. Following the sale, the chief executive officer owned 128,131 shares of the company’s stock, valued at approximately $27,090,737.33. This trade represents a 3.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kailash Narayanan sold 3,201 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $196.42, for a total transaction of $628,740.42. Following the completion of the sale, the senior vice president owned 43,917 shares in the company, valued at $8,626,177.14. This represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,895 shares of company stock worth $15,454,296 in the last three months. Company insiders own 0.61% of the company’s stock.
Analyst Ratings Changes
KEYS has been the topic of several recent analyst reports. Barclays lifted their price objective on Keysight Technologies from $195.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Citigroup upped their price target on shares of Keysight Technologies from $215.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Jefferies Financial Group increased their price objective on shares of Keysight Technologies from $195.00 to $220.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Keysight Technologies from $190.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $218.82.
Read Our Latest Report on Keysight Technologies
Keysight Technologies Profile
Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.
Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.
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