Main Street Research LLC bought a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the first quarter, Holdings Channel reports. The institutional investor bought 112,937 shares of the scientific and technical instruments company’s stock, valued at approximately $31,890,000. Keysight Technologies comprises 1.9% of Main Street Research LLC’s holdings, making the stock its 27th biggest holding.
Several other institutional investors and hedge funds have also bought and sold shares of KEYS. AQR Capital Management LLC raised its holdings in shares of Keysight Technologies by 92.6% during the first quarter. AQR Capital Management LLC now owns 27,216 shares of the scientific and technical instruments company’s stock valued at $3,965,000 after purchasing an additional 13,085 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Keysight Technologies by 5.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company’s stock worth $387,000 after purchasing an additional 122 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Keysight Technologies by 30.0% in the 1st quarter. Empowered Funds LLC now owns 10,652 shares of the scientific and technical instruments company’s stock valued at $1,595,000 after buying an additional 2,461 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Keysight Technologies by 66.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock valued at $59,000 after buying an additional 157 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in Keysight Technologies in the 2nd quarter valued at about $254,000. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Trading Up 1.3%
NYSE KEYS opened at $321.45 on Friday. The firm has a market capitalization of $54.94 billion, a P/E ratio of 52.87, a PEG ratio of 1.81 and a beta of 1.21. The business has a fifty day simple moving average of $344.40 and a 200 day simple moving average of $290.51. Keysight Technologies Inc. has a 12 month low of $152.85 and a 12 month high of $374.96. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on KEYS shares. Robert W. Baird upped their price target on Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Keysight Technologies in a research note on Wednesday, June 3rd. Barclays boosted their price objective on Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Susquehanna increased their target price on Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their target price on Keysight Technologies from $360.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $371.92.
View Our Latest Report on Keysight Technologies
Insider Activity at Keysight Technologies
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 507 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the completion of the sale, the chief executive officer directly owned 121,391 shares of the company’s stock, valued at approximately $43,860,996.12. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total transaction of $681,740.00. Following the completion of the sale, the senior vice president owned 105,861 shares of the company’s stock, valued at approximately $36,084,839.07. This trade represents a 1.85% decrease in their position. 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 have sold 5,507 shares of company stock valued at $1,904,669 over the last ninety days. Corporate 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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