Assenagon Asset Management S.A. boosted its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 68.6% during the 2nd quarter, Holdings Channel reports. The fund owned 578,386 shares of the scientific and technical instruments company’s stock after buying an additional 235,362 shares during the period. Assenagon Asset Management S.A.’s holdings in Keysight Technologies were worth $202,476,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new position in Keysight Technologies during the fourth quarter worth $1,123,000. Willis Investment Counsel grew its holdings in shares of Keysight Technologies by 5.7% during the fourth quarter. Willis Investment Counsel now owns 80,609 shares of the scientific and technical instruments company’s stock valued at $16,379,000 after buying an additional 4,333 shares during the last quarter. Oak Harvest Investment Services bought a new stake in shares of Keysight Technologies during the fourth quarter worth about $4,070,000. Guyasuta Investment Advisors Inc. bought a new stake in shares of Keysight Technologies during the fourth quarter worth about $1,137,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Keysight Technologies by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,986 shares of the scientific and technical instruments company’s stock worth $6,296,000 after acquiring an additional 5,375 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Up 0.4%
KEYS opened at $337.28 on Friday. Keysight Technologies Inc. has a fifty-two week low of $152.85 and a fifty-two week high of $374.96. The firm has a market capitalization of $57.64 billion, a P/E ratio of 55.47, a PEG ratio of 1.91 and a beta of 1.22. The company’s 50-day moving average is $332.38 and its 200 day moving average is $306.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on KEYS shares. Wall Street Zen cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Wells Fargo & Company boosted their price objective on Keysight Technologies from $300.00 to $390.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Robert W. Baird increased their price objective on Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings downgraded Keysight Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. One equities research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.
Get Our Latest Analysis on KEYS
Insider Transactions at Keysight Technologies
In related news, CEO Satish Dhanasekaran sold 507 shares of Keysight Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the sale, the chief executive officer directly owned 121,391 shares in the company, valued at approximately $43,860,996.12. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the business’s stock in a transaction on 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 directly owned 21,821 shares in the company, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,507 shares of company stock worth $1,904,669 in the last 90 days. Insiders own 0.40% of the company’s stock.
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.
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