Groupe la Francaise decreased its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 35.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,104 shares of the scientific and technical instruments company’s stock after selling 11,130 shares during the quarter. Groupe la Francaise’s holdings in Keysight Technologies were worth $7,038,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of Keysight Technologies by 34,044.8% during the second quarter. California State Teachers Retirement System now owns 92,234,343 shares of the scientific and technical instruments company’s stock valued at $32,288,476,000 after acquiring an additional 91,964,216 shares during the period. BlackRock Inc. acquired a new stake in Keysight Technologies in the second quarter worth about $7,030,806,000. Norges Bank bought a new stake in Keysight Technologies during the 4th quarter worth about $435,542,000. Focus Partners Wealth raised its holdings in Keysight Technologies by 3,941.3% during the 4th quarter. Focus Partners Wealth now owns 1,406,286 shares of the scientific and technical instruments company’s stock worth $285,743,000 after purchasing an additional 1,371,488 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Keysight Technologies during the 2nd quarter valued at about $464,017,000. 84.58% of the stock is currently owned by institutional investors.
Keysight Technologies Stock Down 0.1%
Shares of NYSE:KEYS opened at $326.79 on Tuesday. The company has a 50 day moving average price of $325.69 and a two-hundred day moving average price of $323.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.62 and a current ratio of 2.02. The company has a market capitalization of $55.63 billion, a PE ratio of 44.89, a PEG ratio of 1.63 and a beta of 1.21. Keysight Technologies Inc. has a 52 week low of $158.79 and a 52 week high of $374.96.
Insiders Place Their Bets
In other news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $314.66, for a total transaction of $629,320.00. Following the sale, the senior vice president owned 103,861 shares of the company’s stock, valued at $32,680,902.26. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satish Dhanasekaran sold 507 shares of Keysight Technologies stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the transaction, the chief executive officer owned 121,391 shares in the company, valued at $43,860,996.12. This trade represents a 0.42% 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 ninety days, insiders have sold 7,507 shares of company stock worth $2,451,909. Corporate insiders own 0.40% of the company’s stock.
Analyst Ratings Changes
KEYS has been the subject of several analyst reports. UBS Group lifted their price target on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Truist Financial raised their price objective on shares of Keysight Technologies from $376.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley upped their price objective on Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and an average price target of $392.83.
View Our Latest Analysis on Keysight Technologies
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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