Corient Private Wealth LP acquired a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the second quarter, HoldingsChannel.com reports. The firm acquired 98,069 shares of the scientific and technical instruments company’s stock, valued at approximately $34,331,000.
Other institutional investors have also modified their holdings of the company. Quarry LP purchased a new stake in Keysight Technologies during the 4th quarter valued at $25,000. Fiduciary Financial Advisors purchased a new position in Keysight Technologies during the second quarter worth $28,000. IMG Wealth Management Inc. purchased a new position in Keysight Technologies during the second quarter worth $29,000. Cornerstone Planning Group LLC increased 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 valued at $32,000 after acquiring an additional 30 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of Keysight Technologies in the second quarter valued at $34,000. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Stock Up 1.4%
Shares of KEYS opened at $326.39 on Friday. The firm has a fifty day moving average price of $330.03 and a 200-day moving average price of $318.65. The company has a current ratio of 2.02, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $55.78 billion, a P/E ratio of 44.83, a P/E/G ratio of 1.65 and a beta of 1.22. Keysight Technologies Inc. has a 12-month low of $158.79 and a 12-month high of $374.96.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on KEYS shares. Wells Fargo & Company raised their target price on shares of Keysight Technologies from $390.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Truist Financial upped their price target on shares of Keysight Technologies from $376.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Morgan Stanley increased their price objective on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Susquehanna raised their price objective on shares of Keysight Technologies from $425.00 to $440.00 and gave the stock a “positive” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings upgraded Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $392.83.
Read Our Latest Analysis on KEYS
Insider Transactions at Keysight Technologies
In other news, Director James Cullen sold 3,000 shares of the firm’s stock in a transaction on 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 transaction, the director owned 21,821 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, CEO Satish Dhanasekaran sold 507 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer owned 121,391 shares in the company, valued at approximately $43,860,996.12. The trade was a 0.42% 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. Insiders sold a total of 10,507 shares of company stock worth $3,491,649 over the last quarter. 0.40% of the stock is owned by corporate insiders.
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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