Diversify Wealth Management LLC acquired a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,696 shares of the scientific and technical instruments company’s stock, valued at approximately $479,000.
A number of other hedge funds also recently added to or reduced their stakes in KEYS. Norges Bank bought a new position in Keysight Technologies in the 4th quarter valued at approximately $435,542,000. Focus Partners Wealth increased its holdings in Keysight Technologies by 3,941.3% in 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 buying an additional 1,371,488 shares in the last quarter. Woodline Partners LP purchased a new position in Keysight Technologies in the 3rd quarter worth about $208,891,000. M&T Bank Corp raised its position in Keysight Technologies by 9,349.0% in 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 lifted its stake 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 valued at $165,564,000 after acquiring an additional 628,082 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Keysight Technologies Trading Up 0.9%
Shares of KEYS stock opened at $315.70 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51. The company has a market cap of $53.95 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 1.78 and a beta of 1.21. Keysight Technologies Inc. has a 1 year low of $152.85 and a 1 year high of $374.96. The firm has a fifty day moving average price of $340.35 and a 200-day moving average price of $294.73.
Insider Activity
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’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 transaction of $681,740.00. Following the sale, the senior vice president owned 105,861 shares in the company, valued at approximately $36,084,839.07. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the sale, the director owned 21,821 shares in the company, valued at $7,562,722.18. The trade was a 12.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,507 shares of company stock valued at $1,904,669 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on KEYS shares. Susquehanna boosted their price objective on shares of Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, May 20th. Weiss Ratings raised shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Citigroup boosted their target price on shares of Keysight Technologies from $320.00 to $396.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Keysight Technologies in a report on Wednesday, May 20th. Finally, Robert W. Baird raised their price target on Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.92.
View Our Latest Stock Analysis on KEYS
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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