First National Bank of Omaha purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 34,632 shares of the scientific and technical instruments company’s stock, valued at approximately $6,058,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KEYS. May Hill Capital LLC grew its position in Keysight Technologies by 782.9% during the third quarter. May Hill Capital LLC now owns 54,605 shares of the scientific and technical instruments company’s stock worth $9,552,000 after buying an additional 48,420 shares during the period. NEOS Investment Management LLC boosted its stake in shares of Keysight Technologies by 44.3% during the 3rd quarter. NEOS Investment Management LLC now owns 18,730 shares of the scientific and technical instruments company’s stock worth $3,276,000 after acquiring an additional 5,748 shares in the last quarter. M&G PLC acquired a new stake in shares of Keysight Technologies in the 3rd quarter worth approximately $12,105,000. Zions Bancorporation National Association UT increased its stake in Keysight Technologies by 560.9% in the 3rd quarter. Zions Bancorporation National Association UT now owns 456 shares of the scientific and technical instruments company’s stock valued at $80,000 after purchasing an additional 387 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in 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 worth $3,747,458,000 after purchasing an additional 97,064 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
NYSE:KEYS opened at $234.33 on Wednesday. The company has a market cap of $40.19 billion, a P/E ratio of 47.92, a P/E/G ratio of 2.45 and a beta of 1.20. The firm’s 50 day moving average is $214.67 and its two-hundred day moving average is $188.54. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $242.62. The company has a quick ratio of 1.78, a current ratio of 2.35 and a debt-to-equity ratio of 0.43.
Keysight Technologies declared that its Board of Directors has initiated a stock buyback program on Monday, November 24th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other news, SVP Jeffrey K. Li sold 3,934 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $200.84, for a total transaction of $790,104.56. Following the completion of the sale, the senior vice president owned 36,699 shares in the company, valued at approximately $7,370,627.16. The trade was a 9.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald S. Nersesian sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $196.88, for a total transaction of $5,906,400.00. Following the completion of the transaction, the director owned 198,389 shares in the company, valued at $39,058,826.32. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 78,784 shares of company stock worth $15,841,737. 0.40% of the stock is owned by insiders.
Analysts Set New Price Targets
KEYS has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Keysight Technologies from $200.00 to $207.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Barclays raised their target price on shares of Keysight Technologies from $195.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Robert W. Baird set a $230.00 target price on shares of Keysight Technologies in a research report on Monday, February 2nd. Jefferies Financial Group increased their price target on shares of Keysight Technologies from $195.00 to $220.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.64.
Check Out Our Latest Analysis on Keysight Technologies
Keysight Technologies Company 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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