Baird Financial Group Inc. increased its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 34.9% during the second quarter, Holdings Channel reports. The fund owned 61,567 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,931 shares during the quarter. Baird Financial Group Inc.’s holdings in Keysight Technologies were worth $21,553,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of Keysight Technologies by 6.5% in the 2nd quarter. Allworth Financial LP now owns 6,616 shares of the scientific and technical instruments company’s stock valued at $2,316,000 after purchasing an additional 406 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Keysight Technologies by 5.3% in the second quarter. Arizona State Retirement System now owns 49,172 shares of the scientific and technical instruments company’s stock worth $17,214,000 after acquiring an additional 2,480 shares during the last quarter. West Family Investments Inc. acquired a new position in Keysight Technologies during the 2nd quarter valued at $517,000. Waverly Advisors LLC raised its stake in Keysight Technologies by 5.3% during the 2nd quarter. Waverly Advisors LLC now owns 3,168 shares of the scientific and technical instruments company’s stock valued at $1,109,000 after purchasing an additional 159 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of Keysight Technologies by 3.5% during the second quarter. Empirical Finance LLC now owns 6,082 shares of the scientific and technical instruments company’s stock valued at $2,129,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Up 4.1%
Shares of NYSE KEYS opened at $339.02 on Friday. The company has a 50 day simple moving average of $325.96 and a 200 day simple moving average of $324.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62. Keysight Technologies Inc. has a 1 year low of $158.79 and a 1 year high of $374.96. The firm has a market cap of $57.71 billion, a PE ratio of 46.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Barclays increased their price target on Keysight Technologies from $387.00 to $429.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Wells Fargo & Company upped their price target on Keysight Technologies from $390.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group reissued 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 issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $392.83.
Get Our Latest Analysis on Keysight Technologies
Insider Buying and Selling
In related news, Director Jean Mcclung Nye sold 3,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $319.22, for a total value of $957,660.00. Following the completion of the transaction, the director directly owned 35,752 shares in the company, valued at approximately $11,412,753.44. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satish Dhanasekaran sold 507 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the sale, the chief executive officer owned 121,391 shares of the company’s stock, valued at $43,860,996.12. This represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,507 shares of company stock worth $3,104,109 over the last ninety days. 0.40% of the stock is owned by corporate insiders.
Keysight Technologies Profile
Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for engineers, manufacturers and service providers. Its products and services help customers design, validate, manufacture and optimize electronic and communications systems across the product life cycle.
The company offers electronic measurement instruments, software and related services for applications including radio-frequency and microwave testing, wireless communications, high-speed digital systems, semiconductor development and power electronics.
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