Cynosure Group LLC lowered its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 43.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,743 shares of the scientific and technical instruments company’s stock after selling 2,878 shares during the period. Cynosure Group LLC’s holdings in Keysight Technologies were worth $761,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Keysight Technologies in the 4th quarter valued at $435,542,000. Focus Partners Wealth grew its position in Keysight Technologies by 3,941.3% during the 4th quarter. Focus Partners Wealth now owns 1,406,286 shares of the scientific and technical instruments company’s stock worth $285,743,000 after purchasing an additional 1,371,488 shares during the period. Woodline Partners LP acquired a new stake in Keysight Technologies during the 3rd quarter worth about $208,891,000. M&T Bank Corp grew its position in Keysight Technologies by 9,349.0% during the 4th quarter. M&T Bank Corp now owns 1,048,176 shares of the scientific and technical instruments company’s stock worth $212,979,000 after purchasing an additional 1,037,083 shares during the period. Finally, Man Group plc grew its position in Keysight Technologies by 164.3% during the 2nd quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company’s stock worth $165,564,000 after purchasing an additional 628,082 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Trading Up 1.7%
Shares of Keysight Technologies stock opened at $356.64 on Tuesday. The firm has a market capitalization of $60.95 billion, a PE ratio of 58.66, a P/E/G ratio of 2.00 and a beta of 1.22. Keysight Technologies Inc. has a twelve month low of $152.85 and a twelve month high of $370.17. The firm’s 50-day moving average price is $339.46 and its 200 day moving average price is $273.31. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29.
Insider Activity at Keysight Technologies
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 1,667 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $300.00, for a total value of $500,100.00. Following the transaction, the chief executive officer directly owned 122,398 shares of the company’s stock, valued at $36,719,400. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James Cullen sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 21,821 shares in the company, valued at $7,562,722.18. This trade represents a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,334 shares of company stock valued at $3,214,390. 0.40% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
KEYS has been the topic of several analyst reports. UBS Group increased their price target on Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Citigroup increased their target price on shares of Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wall Street Zen raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Morgan Stanley increased their target price on shares of Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 20th. Finally, Truist Financial increased their target price on shares of Keysight Technologies from $310.00 to $376.00 and gave the stock a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.92.
Get Our Latest Research Report on Keysight Technologies
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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