Hsbc Holdings PLC lessened its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 406,883 shares of the scientific and technical instruments company’s stock after selling 3,289 shares during the quarter. Hsbc Holdings PLC’s holdings in Keysight Technologies were worth $82,796,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Haven Private LLC increased its stake in shares of Keysight Technologies by 1.3% during the fourth quarter. Haven Private LLC now owns 4,063 shares of the scientific and technical instruments company’s stock valued at $826,000 after buying an additional 52 shares during the period. UMB Bank n.a. lifted its stake in Keysight Technologies by 4.3% in the fourth quarter. UMB Bank n.a. now owns 1,324 shares of the scientific and technical instruments company’s stock worth $269,000 after acquiring an additional 54 shares during the period. Zions Bancorporation National Association UT boosted its holdings in Keysight Technologies by 12.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 515 shares of the scientific and technical instruments company’s stock valued at $105,000 after acquiring an additional 59 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Keysight Technologies by 1.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,332 shares of the scientific and technical instruments company’s stock valued at $1,287,000 after acquiring an additional 60 shares in the last quarter. Finally, Sumitomo Life Insurance Co. increased its position in Keysight Technologies by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 9,483 shares of the scientific and technical instruments company’s stock valued at $1,927,000 after purchasing an additional 62 shares during the period. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
KEYS stock opened at $314.36 on Friday. 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 firm has a 50 day moving average price of $346.37 and a 200-day moving average price of $286.69. Keysight Technologies Inc. has a 52-week low of $152.85 and a 52-week high of $374.96. The firm has a market capitalization of $53.72 billion, a price-to-earnings ratio of 51.70, a PEG ratio of 1.79 and a beta of 1.21.
Analyst Ratings Changes
Several brokerages have commented on KEYS. Citigroup upped their price objective on shares of Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Wall Street Zen lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. UBS Group increased their price target on shares of Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Robert W. Baird raised their price objective on shares of Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.92.
Check Out Our Latest Analysis on KEYS
Insider Transactions at Keysight Technologies
In other news, Director James Cullen sold 3,000 shares of Keysight Technologies stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total value of $1,039,740.00. Following the completion of the transaction, the director owned 21,821 shares of the company’s stock, valued at $7,562,722.18. The trade was a 12.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total transaction of $681,740.00. Following the completion of the transaction, the senior vice president owned 105,861 shares in the company, valued at approximately $36,084,839.07. The trade was a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,507 shares of company stock valued at $1,904,669. Insiders own 0.40% of the company’s stock.
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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