Caisse de depot et placement du Quebec purchased a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 240,323 shares of the scientific and technical instruments company’s stock, valued at approximately $84,130,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in KEYS. Quarry LP purchased a new stake in shares of Keysight Technologies during the fourth quarter valued at $25,000. Fiduciary Financial Advisors purchased a new position in Keysight Technologies in the 2nd quarter worth $28,000. IMG Wealth Management Inc. purchased a new position in Keysight Technologies in the 2nd quarter worth $29,000. Cornerstone Planning Group LLC lifted its position in Keysight Technologies by 36.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 30 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in Keysight Technologies during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
NYSE:KEYS opened at $326.39 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. Keysight Technologies Inc. has a 52 week low of $158.79 and a 52 week high of $374.96. The stock’s 50-day moving average price is $330.03 and its 200-day moving average price is $318.65. The stock has a market capitalization of $55.78 billion, a PE ratio of 44.83, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22.
Insider Activity at Keysight Technologies
In related news, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction on 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 owned 121,391 shares of the company’s stock, valued at approximately $43,860,996.12. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 21,821 shares of the company’s stock, valued at $7,562,722.18. This represents a 12.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,507 shares of company stock worth $3,491,649 over the last 90 days. 0.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on KEYS. Wells Fargo & Company increased their price objective on Keysight Technologies from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. UBS Group lifted their target price on Keysight Technologies from $420.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $392.83.
View Our Latest Stock Report on KEYS
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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