Cetera Investment Advisers grew its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,074 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,089 shares during the quarter. Cetera Investment Advisers’ holdings in Keysight Technologies were worth $8,774,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in Keysight Technologies during the fourth quarter worth $25,000. Cornerstone Planning Group LLC increased its stake in Keysight Technologies by 36.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 30 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new stake in Keysight Technologies during the 1st quarter worth about $44,000. Entrust Financial LLC bought a new stake in Keysight Technologies during the 4th quarter worth about $45,000. Finally, DV Equities LLC acquired a new position in shares of Keysight Technologies during the 4th quarter worth about $49,000. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Trading Up 2.3%
Shares of NYSE:KEYS opened at $319.96 on Friday. Keysight Technologies Inc. has a 52-week low of $152.85 and a 52-week high of $374.96. The company has a market capitalization of $54.68 billion, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. The company has a 50-day simple moving average of $333.40 and a 200 day simple moving average of $302.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on KEYS shares. Morgan Stanley raised their price objective on Keysight Technologies from $305.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Truist Financial increased their price target on Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. Susquehanna raised their price target on Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, May 20th. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.92.
View Our Latest Stock Analysis on Keysight Technologies
Insider Activity at Keysight Technologies
In other news, Director James Cullen sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the completion of the sale, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. This trade represents a 12.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total transaction of $681,740.00. Following the sale, the senior vice president directly owned 105,861 shares of the company’s stock, valued at $36,084,839.07. The trade was a 1.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,507 shares of company stock worth $1,904,669. Company insiders own 0.40% of the company’s stock.
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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