Carmignac Gestion cut its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 95.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the scientific and technical instruments company’s stock after selling 203,000 shares during the period. Carmignac Gestion’s holdings in Keysight Technologies were worth $2,824,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its position in Keysight Technologies by 36.1% during the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 30 shares during the period. Quarry LP bought a new stake in shares of Keysight Technologies during the 4th quarter worth approximately $25,000. Oslo Pensjonsforsikring AS bought a new stake in shares of Keysight Technologies during the 1st quarter worth approximately $44,000. Western Wealth Management LLC acquired a new stake in shares of Keysight Technologies during the 1st quarter worth approximately $58,000. Finally, Meeder Asset Management Inc. bought a new position in Keysight Technologies in the first quarter valued at approximately $60,000. 84.58% of the stock is currently owned by institutional investors.
Keysight Technologies Stock Up 0.3%
Shares of KEYS opened at $319.96 on Monday. Keysight Technologies Inc. has a 52 week low of $152.85 and a 52 week high of $374.96. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 1.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. The stock has a fifty day moving average of $333.40 and a 200-day moving average of $303.00.
Insider Activity
In other news, Director James Cullen sold 3,000 shares of Keysight Technologies stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the sale, the director directly owned 21,821 shares of the company’s stock, valued at approximately $7,562,722.18. This trade represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total value of $681,740.00. Following the sale, the senior vice president owned 105,861 shares in the company, valued at approximately $36,084,839.07. This trade represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,507 shares of company stock valued at $1,904,669. 0.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have weighed in on KEYS. Susquehanna upped their target price on Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, May 20th. Robert W. Baird lifted their price target on Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Citigroup boosted their price target on Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. The Goldman Sachs Group restated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. Finally, UBS Group raised their price objective on Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.92.
Get Our Latest Analysis on KEYS
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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