Capital International Sarl grew its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 14.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 69,745 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,037 shares during the period. Capital International Sarl’s holdings in Keysight Technologies were worth $14,171,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in shares of Keysight Technologies during the 3rd quarter worth about $35,000. Entrust Financial LLC bought a new stake in shares of Keysight Technologies during the 4th quarter worth about $45,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of Keysight Technologies by 497.7% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock worth $52,000 after buying an additional 214 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Keysight Technologies by 36.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 76 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Keysight Technologies by 66.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock worth $59,000 after buying an additional 157 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.
Keysight Technologies Stock Performance
Shares of KEYS opened at $329.67 on Friday. The company’s 50 day moving average price is $332.65 and its 200 day moving average price is $265.85. Keysight Technologies Inc. has a 52 week low of $152.85 and a 52 week high of $370.17. The company has a market capitalization of $56.54 billion, a PE ratio of 54.22, a PEG ratio of 1.88 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.
Wall Street Analysts Forecast Growth
KEYS has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Tuesday, February 24th. UBS Group boosted their target price on shares of Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Wells Fargo & Company boosted their target price on shares of Keysight Technologies from $300.00 to $390.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Citigroup boosted their target price on shares of Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.92.
Get Our Latest Report on Keysight Technologies
Insider Activity
In other Keysight Technologies news, Director Ronald S. Nersesian sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $285.96, for a total value of $8,578,800.00. Following the completion of the sale, the director directly owned 163,377 shares of the company’s stock, valued at $46,719,286.92. The trade was a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Neil Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $298.37, for a total transaction of $596,740.00. Following the completion of the sale, the chief financial officer directly owned 125,272 shares of the company’s stock, valued at $37,377,406.64. This represents a 1.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,334 shares of company stock valued at $11,793,190 in the last three months. 0.40% of the stock is currently owned by 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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