Jefferies Financial Group Inc. increased its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 172.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,972 shares of the scientific and technical instruments company’s stock after buying an additional 17,071 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Keysight Technologies were worth $9,442,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Financial Advisors bought a new stake in Keysight Technologies during the second quarter worth $28,000. IMG Wealth Management Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter valued at about $29,000. Compass Financial Management LLC acquired a new position in shares of Keysight Technologies during the 2nd quarter worth about $34,000. Virtus Advisers LLC acquired a new position in shares of Keysight Technologies during the 2nd quarter worth about $35,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Keysight Technologies by 36.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 30 shares during the period. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Stock Performance
KEYS opened at $326.39 on Friday. The business has a fifty day simple moving average of $330.03 and a 200 day simple moving average of $318.65. The company 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. Keysight Technologies Inc. has a 1 year low of $158.79 and a 1 year high of $374.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62.
Analyst Upgrades and Downgrades
KEYS has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Citigroup reissued a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, August 19th. UBS Group upped their price objective on Keysight Technologies from $420.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Truist Financial raised their price objective on Keysight Technologies from $376.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 20th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $392.83.
Read Our Latest Stock Report on Keysight Technologies
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction dated 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 $43,860,996.12. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jean Mcclung Nye sold 3,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $319.22, for a total transaction of $957,660.00. Following the transaction, the director owned 35,752 shares in the company, valued at approximately $11,412,753.44. The trade was a 7.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,507 shares of company stock valued at $3,491,649. 0.40% of the stock is currently owned by insiders.
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.
See Also
- Five stocks we like better than Keysight Technologies
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
