Capital Fund Management S.A. raised its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 47.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 140,537 shares of the scientific and technical instruments company’s stock after acquiring an additional 45,194 shares during the period. Capital Fund Management S.A.’s holdings in Keysight Technologies were worth $24,583,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Keysight Technologies in the second quarter worth $316,690,000. Allspring Global Investments Holdings LLC raised its position in Keysight Technologies by 2,290.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,421,437 shares of the scientific and technical instruments company’s stock valued at $246,051,000 after buying an additional 1,361,969 shares during the period. Man Group plc lifted its stake in Keysight Technologies by 164.3% in 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 acquiring an additional 628,082 shares in the last quarter. AQR Capital Management LLC lifted its stake in Keysight Technologies by 2,004.8% in the 2nd quarter. AQR Capital Management LLC now owns 572,836 shares of the scientific and technical instruments company’s stock worth $93,865,000 after acquiring an additional 545,620 shares in the last quarter. Finally, Boston Partners boosted its position in Keysight Technologies by 10.5% during the 2nd quarter. Boston Partners now owns 4,709,540 shares of the scientific and technical instruments company’s stock worth $771,359,000 after acquiring an additional 446,123 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Down 0.5%
KEYS stock opened at $284.20 on Thursday. The firm has a market cap of $48.74 billion, a PE ratio of 51.21, a PEG ratio of 2.22 and a beta of 1.12. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $317.00. The company has a fifty day simple moving average of $239.00 and a 200 day simple moving average of $201.60. The company has a current ratio of 2.60, a quick ratio of 2.02 and a debt-to-equity ratio of 0.41.
Keysight Technologies announced that its board has initiated a stock buyback program 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 repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on KEYS. Bank of America raised Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 target price on the stock in a research note on Tuesday, February 24th. Susquehanna reissued a “positive” rating and issued a $300.00 price target on shares of Keysight Technologies in a research report on Tuesday, February 24th. Morgan Stanley raised their price target on shares of Keysight Technologies from $227.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Keysight Technologies in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Keysight Technologies from $255.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $295.36.
View Our Latest Report on KEYS
Insider Buying and Selling
In related news, SVP Jo Ann Juskie sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $304.42, for a total value of $304,420.00. Following the transaction, the senior vice president directly owned 12,552 shares of the company’s stock, valued at approximately $3,821,079.84. This trade represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neil Dougherty sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $203.72, for a total value of $203,720.00. Following the completion of the sale, the chief financial officer owned 127,833 shares of the company’s stock, valued at approximately $26,042,138.76. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,889 shares of company stock worth $1,167,221. Insiders own 0.40% of the company’s stock.
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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