G&S Capital LLC acquired a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,358 shares of the scientific and technical instruments company’s stock, valued at approximately $3,276,000.
Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Keysight Technologies in the 4th quarter valued at approximately $435,542,000. Focus Partners Wealth raised its stake in shares of Keysight Technologies by 3,941.3% during the fourth 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 last quarter. Woodline Partners LP acquired a new stake in shares of Keysight Technologies during the third quarter worth $208,891,000. M&T Bank Corp raised 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 buying an additional 1,037,083 shares during the last quarter. Finally, Man Group plc raised 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 buying an additional 628,082 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Stock Up 2.6%
KEYS opened at $344.01 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. The company has a market cap of $58.79 billion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.91 and a beta of 1.22. Keysight Technologies Inc. has a one year low of $152.85 and a one year high of $374.96. The business’s fifty day moving average is $332.51 and its two-hundred day moving average is $309.11.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Truist Financial raised their price objective on shares of Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings lowered Keysight Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Morgan Stanley boosted their target price on Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company increased their target price on Keysight Technologies from $300.00 to $390.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $371.92.
Read Our Latest Stock Report on Keysight Technologies
Insider Buying and Selling at Keysight Technologies
In other news, CEO Satish Dhanasekaran sold 507 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the transaction, the chief executive officer directly owned 121,391 shares of the company’s stock, valued at $43,860,996.12. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total value of $681,740.00. Following the completion of the sale, the senior vice president directly owned 105,861 shares in the company, valued at approximately $36,084,839.07. The trade was a 1.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,507 shares of company stock worth $1,904,669. 0.40% of the stock is owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Keysight Technologies
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS – Free Report).
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
