Forsta AP Fonden lowered its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,800 shares of the scientific and technical instruments company’s stock after selling 3,300 shares during the quarter. Forsta AP Fonden’s holdings in Keysight Technologies were worth $7,071,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of KEYS. Optiver Holding B.V. bought a new position in shares of Keysight Technologies in the 3rd quarter worth $35,000. Entrust Financial LLC purchased a new stake in shares of Keysight Technologies in the 4th quarter valued at $45,000. Atlantic Union Bankshares Corp boosted its position in 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 buying an additional 76 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in 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 buying an additional 214 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in 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 buying an additional 157 shares during the period. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Down 2.5%
NYSE:KEYS opened at $329.76 on Tuesday. The firm has a market cap of $56.56 billion, a P/E ratio of 54.24, a P/E/G ratio of 2.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. Keysight Technologies Inc. has a fifty-two week low of $152.85 and a fifty-two week high of $370.17. The firm has a 50-day simple moving average of $328.41 and a two-hundred day simple moving average of $261.88.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. UBS Group upped their price objective on shares of Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Susquehanna increased their price target on shares of Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company increased their price target on shares of Keysight Technologies from $300.00 to $390.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.92.
Read Our Latest Report on Keysight Technologies
Insider Activity
In other Keysight Technologies news, Director Ronald S. Nersesian sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $285.96, for a total transaction of $8,578,800.00. Following the completion of the sale, the director directly owned 163,377 shares in the company, valued at approximately $46,719,286.92. This trade represents a 15.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 1,667 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,334 shares of company stock valued at $10,753,450 in the last quarter. 0.40% of the stock is owned by company insiders.
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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