Alps Advisors Inc. raised its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 87.0% during the third quarter, HoldingsChannel reports. The firm owned 5,076 shares of the scientific and technical instruments company’s stock after buying an additional 2,362 shares during the quarter. Alps Advisors Inc.’s holdings in Keysight Technologies were worth $888,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of KEYS. Old West Investment Management LLC acquired a new position in shares of Keysight Technologies during the third quarter worth $997,000. RMR Wealth Builders lifted its holdings in Keysight Technologies by 7.1% during the 3rd quarter. RMR Wealth Builders now owns 2,537 shares of the scientific and technical instruments company’s stock worth $444,000 after buying an additional 168 shares during the last quarter. HighPoint Advisor Group LLC boosted its position in shares of Keysight Technologies by 5.6% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,379 shares of the scientific and technical instruments company’s stock worth $416,000 after acquiring an additional 127 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Keysight Technologies by 56.1% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,760 shares of the scientific and technical instruments company’s stock worth $2,057,000 after acquiring an additional 4,225 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Keysight Technologies by 31.4% in the 3rd quarter. Savant Capital LLC now owns 8,719 shares of the scientific and technical instruments company’s stock valued at $1,525,000 after acquiring an additional 2,084 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.
Keysight Technologies Stock Down 3.4%
KEYS stock opened at $229.85 on Friday. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $242.62. The stock has a market capitalization of $39.42 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. 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 company has a fifty day moving average of $213.25 and a 200-day moving average of $186.77.
Keysight Technologies declared that its Board of Directors has initiated a share buyback plan on Monday, November 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on Keysight Technologies from $195.00 to $220.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Keysight Technologies in a research report on Monday, December 29th. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $200.00 to $207.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Morgan Stanley lifted their price target on shares of Keysight Technologies from $208.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Susquehanna boosted their price target on shares of Keysight Technologies from $215.00 to $225.00 and gave the company a “positive” rating in a research report on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $221.64.
Read Our Latest Stock Analysis on KEYS
Insider Activity at Keysight Technologies
In related news, CEO Satish Dhanasekaran sold 12,528 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $196.42, for a total transaction of $2,460,749.76. Following the transaction, the chief executive officer owned 132,361 shares of the company’s stock, valued at $25,998,347.62. This represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Page sold 15,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $213.48, for a total value of $3,202,200.00. Following the completion of the transaction, the senior vice president owned 21,393 shares of the company’s stock, valued at $4,566,977.64. The trade was a 41.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 78,784 shares of company stock worth $15,841,737 in the last three months. 0.40% of the stock is currently owned by corporate insiders.
Keysight Technologies Company 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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