Confluence Investment Management LLC grew its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 334,338 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,398 shares during the quarter. Confluence Investment Management LLC’s holdings in Keysight Technologies were worth $67,934,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KEYS. Optiver Holding B.V. bought a new stake in shares of Keysight Technologies during the 3rd quarter worth $35,000. Westfuller Advisors LLC bought a new position in Keysight Technologies in the third quarter valued at about $45,000. True Wealth Design LLC raised its stake in Keysight Technologies by 68.5% during the third quarter. True Wealth Design LLC now owns 278 shares of the scientific and technical instruments company’s stock worth $49,000 after acquiring an additional 113 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in Keysight Technologies by 36.2% during the third quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 76 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Keysight Technologies in the third quarter worth about $51,000. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Up 2.2%
Shares of KEYS opened at $290.29 on Friday. The stock’s 50-day moving average price is $248.17 and its two-hundred day moving average price is $206.34. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $317.00. The company has a market capitalization of $49.78 billion, a PE ratio of 52.30, a PEG ratio of 2.21 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 announced that its Board of Directors has approved a share buyback plan on Monday, November 24th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on KEYS shares. Barclays raised their price target on shares of Keysight Technologies from $232.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Bank of America raised shares of Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 price objective for the company in a research note on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Keysight Technologies in a research report on Monday, December 29th. Robert W. Baird upped their price target on shares of Keysight Technologies from $230.00 to $257.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group increased their price target on Keysight Technologies from $195.00 to $220.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.36.
Get Our Latest Research Report on Keysight Technologies
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, SVP Sung Yoon sold 889 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 16,953 shares of the company’s stock, valued at approximately $3,503,506.98. This represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $237.68, for a total transaction of $475,360.00. Following the transaction, the senior vice president owned 107,861 shares of the company’s stock, valued at approximately $25,636,402.48. The trade was a 1.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 34,889 shares of company stock worth $9,746,021. Company insiders own 0.40% of the company’s stock.
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.
Further Reading
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