USS Investment Management Ltd lifted its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,357 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,077 shares during the quarter. USS Investment Management Ltd’s holdings in Keysight Technologies were worth $10,267,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in KEYS. Norges Bank acquired a new stake in Keysight Technologies during the 4th quarter valued at $435,542,000. Focus Partners Wealth increased its holdings in shares of Keysight Technologies by 3,941.3% in the fourth quarter. Focus Partners Wealth now owns 1,406,286 shares of the scientific and technical instruments company’s stock valued at $285,743,000 after purchasing an additional 1,371,488 shares during the last quarter. Woodline Partners LP bought a new position in shares of Keysight Technologies in the third quarter valued at about $208,891,000. M&T Bank Corp raised its position in shares of Keysight Technologies by 9,349.0% in the fourth quarter. M&T Bank Corp now owns 1,048,176 shares of the scientific and technical instruments company’s stock valued at $212,979,000 after purchasing an additional 1,037,083 shares during the period. Finally, Man Group plc lifted its stake in shares of Keysight Technologies by 164.3% during the 2nd quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company’s stock worth $165,564,000 after buying an additional 628,082 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Price Performance
Shares of NYSE:KEYS opened at $336.27 on Thursday. The firm has a 50 day moving average of $347.35 and a 200-day moving average of $285.75. Keysight Technologies Inc. has a 12 month low of $152.85 and a 12 month high of $374.96. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $57.47 billion, a PE ratio of 55.31, a PEG ratio of 1.99 and a beta of 1.22.
Analyst Upgrades and Downgrades
KEYS has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Keysight Technologies in a report on Wednesday, May 20th. Morgan Stanley raised their price objective on shares of Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. 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. Barclays upped their target price on Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, Truist Financial increased their target price on Keysight Technologies from $310.00 to $376.00 and gave the stock a “hold” rating in a research note on Thursday, May 21st. One 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 stock. According to data from MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $371.92.
Check Out Our Latest Research Report on KEYS
Insider Buying and Selling
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 transaction of $1,039,740.00. Following the sale, the director directly owned 21,821 shares of the company’s stock, valued at approximately $7,562,722.18. This trade represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $361.32, for a total value of $183,189.24. Following the sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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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