BI Asset Management Fondsmaeglerselskab A S raised its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 26.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,844 shares of the scientific and technical instruments company’s stock after buying an additional 3,084 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Keysight Technologies were worth $3,016,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. acquired a new stake in shares of Keysight Technologies during the 3rd quarter valued at approximately $35,000. Entrust Financial LLC acquired a new stake in shares of Keysight Technologies during the 4th quarter valued at approximately $45,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Keysight Technologies by 497.7% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 214 shares during the period. Atlantic Union Bankshares Corp lifted its position 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 valued at $50,000 after acquiring an additional 76 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Keysight Technologies by 66.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock valued at $59,000 after acquiring an additional 157 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
Shares of KEYS opened at $331.14 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. The company has a market capitalization of $56.59 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 1.88 and a beta of 1.22. The company’s 50 day simple moving average is $333.64 and its 200 day simple moving average is $267.59. Keysight Technologies Inc. has a 1 year low of $152.85 and a 1 year high of $370.17.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on KEYS shares. Citigroup lifted their price target on shares of Keysight Technologies from $320.00 to $396.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company lifted their price target on shares of Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. UBS Group lifted their price target on shares of Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Zacks Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $371.92.
Check Out Our Latest Report on KEYS
Insider Activity at Keysight Technologies
In other Keysight Technologies news, Director James Cullen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the transaction, the director owned 21,821 shares of the company’s stock, valued at $7,562,722.18. This trade represents a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Satish Dhanasekaran sold 1,667 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $300.00, for a total transaction of $500,100.00. Following the transaction, the chief executive officer directly owned 122,398 shares in the company, valued at approximately $36,719,400. This represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,334 shares of company stock valued at $11,793,190 over the last 90 days. 0.40% of the stock is currently owned by insiders.
Keysight Technologies 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.
Recommended Stories
- Five stocks we like better than Keysight Technologies
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS – Free Report).
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
