Elo Mutual Pension Insurance Co raised its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 62.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,036 shares of the scientific and technical instruments company’s stock after purchasing an additional 8,500 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Keysight Technologies were worth $3,855,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its stake in Keysight Technologies by 358.3% during the second quarter. True Wealth Design LLC now owns 165 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 129 shares during the period. NewSquare Capital LLC grew its holdings in shares of Keysight Technologies by 155.2% during the 2nd quarter. NewSquare Capital LLC now owns 171 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 104 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Keysight Technologies during the second quarter valued at approximately $34,000. Optiver Holding B.V. acquired a new position in shares of Keysight Technologies in the third quarter valued at $35,000. Finally, Westfuller Advisors LLC bought a new position in Keysight Technologies in the third quarter worth $45,000. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
Shares of Keysight Technologies stock opened at $302.11 on Wednesday. The stock has a market capitalization of $51.82 billion, a price-to-earnings ratio of 54.43, a P/E/G ratio of 2.44 and a beta of 1.12. The firm’s 50-day moving average price is $229.51 and its two-hundred day moving average price is $196.73. The company has a current ratio of 2.60, a quick ratio of 2.02 and a debt-to-equity ratio of 0.41. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $317.00.
Keysight Technologies announced that its board has approved a stock buyback plan on Monday, November 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Keysight Technologies from $230.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Morgan Stanley upped their target price on shares of Keysight Technologies from $227.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Bank of America upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 price target for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. lifted their price objective on Keysight Technologies from $255.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Finally, Susquehanna reissued a “positive” rating and issued a $300.00 target price on shares of Keysight Technologies in a report on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.36.
Read Our Latest Analysis on Keysight Technologies
Insider Buying and Selling
In related news, CFO Neil Dougherty sold 1,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $203.72, for a total transaction of $203,720.00. Following the transaction, the chief financial officer owned 127,833 shares in the company, valued at $26,042,138.76. This represents a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satish Dhanasekaran sold 4,230 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $211.43, for a total transaction of $894,348.90. Following the sale, the chief executive officer directly owned 128,131 shares in the company, valued at approximately $27,090,737.33. This represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 24,119 shares of company stock valued at $5,263,770. Insiders own 0.40% of the company’s stock.
About Keysight Technologies
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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