Keysight Technologies Inc. (NYSE:KEYS – Get Free Report) CEO Satish Dhanasekaran sold 4,230 shares of Keysight Technologies stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $211.43, for a total value of $894,348.90. Following the sale, the chief executive officer directly owned 128,131 shares of the company’s stock, valued at $27,090,737.33. This represents a 3.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Satish Dhanasekaran also recently made the following trade(s):
- On Monday, December 1st, Satish Dhanasekaran sold 12,528 shares of Keysight Technologies stock. The shares were sold at an average price of $196.42, for a total transaction of $2,460,749.76.
Keysight Technologies Price Performance
NYSE:KEYS opened at $208.70 on Friday. Keysight Technologies Inc. has a 52 week low of $121.43 and a 52 week high of $214.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.78 and a current ratio of 2.35. The firm’s 50-day simple moving average is $182.04 and its 200 day simple moving average is $171.14. The firm has a market cap of $35.87 billion, a price-to-earnings ratio of 42.68, a P/E/G ratio of 2.22 and a beta of 1.19.
Keysight Technologies announced that its Board of Directors has initiated a share buyback program on Monday, November 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Keysight Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of KEYS. Vanguard Group Inc. increased its position in Keysight Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,423,838 shares of the scientific and technical instruments company’s stock valued at $3,747,458,000 after acquiring an additional 97,064 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Keysight Technologies by 16.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company’s stock worth $2,814,195,000 after purchasing an additional 2,675,148 shares during the last quarter. State Street Corp increased its holdings in Keysight Technologies by 0.7% in the second quarter. State Street Corp now owns 7,973,742 shares of the scientific and technical instruments company’s stock valued at $1,306,577,000 after purchasing an additional 55,358 shares during the period. Boston Partners raised its position in Keysight Technologies by 3.4% during the 3rd quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company’s stock worth $851,525,000 after purchasing an additional 160,728 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Keysight Technologies by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,575,953 shares of the scientific and technical instruments company’s stock worth $747,437,000 after buying an additional 40,560 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on KEYS shares. Citigroup lifted their price objective on Keysight Technologies from $215.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price target on Keysight Technologies from $200.00 to $207.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Barclays increased their price objective on shares of Keysight Technologies from $195.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Keysight Technologies in a research report on Monday, December 1st. Finally, Susquehanna upped their price target on shares of Keysight Technologies from $215.00 to $225.00 and gave the stock a “positive” rating in a report on Tuesday, November 25th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.09.
View Our Latest Research Report on Keysight Technologies
About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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