Varma Mutual Pension Insurance Co acquired a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,900 shares of the scientific and technical instruments company’s stock, valued at approximately $11,765,000.
Several other large investors also recently modified their holdings of the company. Optiver Holding B.V. acquired a new stake in Keysight Technologies in the third quarter worth $35,000. Westfuller Advisors LLC acquired a new stake in Keysight Technologies in the third quarter worth $45,000. Atlantic Union Bankshares Corp grew its holdings in Keysight Technologies by 36.2% in the third quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 76 shares during the period. Root Financial Partners LLC acquired a new stake in Keysight Technologies in the third quarter worth $51,000. Finally, Atlantic Edge Private Wealth Management LLC grew its holdings in Keysight Technologies by 497.7% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 214 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Up 1.3%
KEYS opened at $355.82 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.60 and a quick ratio of 2.02. The company’s 50-day moving average is $305.30 and its 200 day moving average is $238.36. Keysight Technologies Inc. has a fifty-two week low of $145.51 and a fifty-two week high of $358.51. The firm has a market capitalization of $61.02 billion, a P/E ratio of 64.11, a PEG ratio of 2.56 and a beta of 1.26.
Insider Transactions at Keysight Technologies
In related news, CEO Satish Dhanasekaran sold 1,667 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $300.00, for a total transaction of $500,100.00. Following the sale, the chief executive officer owned 122,398 shares of the company’s stock, valued at approximately $36,719,400. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey K. Li sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $297.19, for a total transaction of $594,380.00. Following the sale, the senior vice president directly owned 34,499 shares in the company, valued at $10,252,757.81. This trade represents a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 40,334 shares of company stock valued at $11,533,230. 0.40% of the stock is currently owned by insiders.
Analyst Ratings Changes
KEYS has been the subject of a number of analyst reports. Zacks Research upgraded shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group lifted their price objective on shares of Keysight Technologies from $322.00 to $384.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. UBS Group lifted their price objective on shares of Keysight Technologies from $230.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Morgan Stanley lifted their price objective on shares of Keysight Technologies from $227.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.33.
Get Our Latest Analysis on KEYS
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.
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