Delta Global Management LP lessened its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,126 shares of the scientific and technical instruments company’s stock after selling 11,291 shares during the quarter. Delta Global Management LP’s holdings in Keysight Technologies were worth $11,811,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Oddo BHF Asset Management Sas bought a new stake in Keysight Technologies in the 4th quarter valued at $4,920,000. Rakuten Investment Management Inc. grew its holdings in shares of Keysight Technologies by 264.6% in the 4th quarter. Rakuten Investment Management Inc. now owns 22,608 shares of the scientific and technical instruments company’s stock worth $4,676,000 after purchasing an additional 16,408 shares during the last quarter. Blue Grotto Capital LLC grew its holdings in shares of Keysight Technologies by 40.5% in the 4th quarter. Blue Grotto Capital LLC now owns 235,455 shares of the scientific and technical instruments company’s stock worth $47,842,000 after purchasing an additional 67,818 shares during the last quarter. Talos Eurisko Asset Management LP bought a new stake in shares of Keysight Technologies in the 4th quarter worth about $18,450,000. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Keysight Technologies by 154.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 16,005 shares of the scientific and technical instruments company’s stock worth $3,252,000 after purchasing an additional 9,716 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Up 1.7%
Shares of NYSE:KEYS opened at $356.64 on Tuesday. Keysight Technologies Inc. has a 12 month low of $152.85 and a 12 month high of $370.17. The company’s 50-day moving average price is $339.46 and its two-hundred day moving average price is $273.31. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.29. The firm has a market cap of $60.95 billion, a P/E ratio of 58.66, a P/E/G ratio of 2.00 and a beta of 1.22.
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, CFO Neil Dougherty sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $298.37, for a total transaction of $596,740.00. Following the transaction, the chief financial officer directly owned 125,272 shares in the company, valued at approximately $37,377,406.64. This represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Cullen sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the transaction, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. The trade was a 12.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 10,334 shares of company stock valued at $3,214,390. 0.40% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on KEYS shares. Wall Street Zen raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Zacks Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Keysight Technologies in a report on Wednesday, June 3rd. Morgan Stanley increased their price objective on shares of Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $360.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $371.92.
View Our Latest Stock Analysis 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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