Skandinaviska Enskilda Banken AB publ lowered its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 68.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,368 shares of the scientific and technical instruments company’s stock after selling 201,972 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.05% of Keysight Technologies worth $15,135,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KEYS. Foyston Gordon & Payne Inc increased its position in shares of Keysight Technologies by 11.5% during the 1st quarter. Foyston Gordon & Payne Inc now owns 59,851 shares of the scientific and technical instruments company’s stock valued at $8,964,000 after purchasing an additional 6,186 shares during the last quarter. Ground Swell Capital LLC bought a new position in Keysight Technologies during the first quarter valued at about $361,000. Charles Schwab Investment Management Inc. grew its position in Keysight Technologies by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,036,642 shares of the scientific and technical instruments company’s stock valued at $155,258,000 after buying an additional 20,967 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Keysight Technologies by 46.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,590 shares of the scientific and technical instruments company’s stock worth $9,674,000 after buying an additional 20,631 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Keysight Technologies in the second quarter worth about $621,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Keysight Technologies Price Performance
Keysight Technologies stock opened at $197.95 on Friday. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $201.50. The business has a fifty day moving average price of $175.35 and a 200-day moving average price of $167.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The firm has a market capitalization of $34.02 billion, a P/E ratio of 63.04, a PEG ratio of 2.38 and a beta of 1.22.
Keysight Technologies declared that its Board of Directors has approved a stock repurchase plan on Monday, November 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on KEYS shares. Bank of America raised their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Robert W. Baird set a $210.00 target price on Keysight Technologies in a research report on Wednesday. Morgan Stanley boosted their target price on Keysight Technologies from $180.00 to $208.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wells Fargo & Company increased their price target on Keysight Technologies from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, UBS Group set a $230.00 price objective on Keysight Technologies in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.82.
Check Out Our Latest Analysis on KEYS
Insider Buying and Selling at Keysight Technologies
In other news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total value of $347,960.00. Following the sale, the senior vice president directly owned 106,590 shares of the company’s stock, valued at approximately $18,544,528.20. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.
Keysight Technologies Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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