Capital World Investors boosted its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,700,709 shares of the scientific and technical instruments company’s stock after purchasing an additional 58,039 shares during the quarter. Capital World Investors owned about 2.15% of Keysight Technologies worth $647,328,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc boosted its holdings in Keysight Technologies by 3.7% in the 3rd quarter. Prospera Financial Services Inc now owns 1,889 shares of the scientific and technical instruments company’s stock valued at $330,000 after purchasing an additional 67 shares in the last quarter. BlackDiamond Wealth Management LLC grew its holdings in Keysight Technologies by 3.9% in the second quarter. BlackDiamond Wealth Management LLC now owns 1,796 shares of the scientific and technical instruments company’s stock valued at $295,000 after purchasing an additional 68 shares during the last quarter. Advisors Capital Management LLC increased its holdings in Keysight Technologies by 3.5% during the 3rd quarter. Advisors Capital Management LLC now owns 2,077 shares of the scientific and technical instruments company’s stock valued at $363,000 after acquiring an additional 71 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Keysight Technologies by 36.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 76 shares in the last quarter. Finally, CI Investments Inc. increased its position in Keysight Technologies by 9.6% during the third quarter. CI Investments Inc. now owns 898 shares of the scientific and technical instruments company’s stock worth $157,000 after buying an additional 79 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.
Keysight Technologies Stock Up 1.1%
KEYS stock opened at $285.21 on Wednesday. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 51.39, a price-to-earnings-growth ratio of 2.19 and a beta of 1.12. 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 Inc. has a 52 week low of $121.43 and a 52 week high of $317.00. The firm’s 50-day moving average is $237.38 and its two-hundred day moving average is $201.01.
Keysight Technologies announced that its board has initiated a share buyback plan on Monday, November 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the scientific and technical instruments company to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Analyst Ratings Changes
Several brokerages have weighed in on KEYS. Barclays boosted their price target on Keysight Technologies from $232.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Wells Fargo & Company raised their price target on shares of Keysight Technologies from $225.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. UBS Group raised their price objective on Keysight Technologies from $230.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. boosted 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. Finally, Robert W. Baird increased their price target on Keysight Technologies from $230.00 to $257.00 and gave the company an “outperform” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $295.36.
Read Our Latest Research Report on KEYS
Insider Activity at Keysight Technologies
In other news, SVP Sung Yoon sold 889 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $206.66, for a total transaction of $183,720.74. Following the transaction, the senior vice president directly owned 16,953 shares in the company, valued at $3,503,506.98. The trade was a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jo Ann Juskie sold 1,000 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $304.42, for a total value of $304,420.00. Following the completion of the transaction, the senior vice president owned 12,552 shares in the company, valued at $3,821,079.84. This trade represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,889 shares of company stock worth $1,167,221 in the last 90 days. 0.40% of the stock is owned by corporate 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.
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