Plato Investment Management Ltd acquired a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,940 shares of the scientific and technical instruments company’s stock, valued at approximately $2,415,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Keysight Technologies by 92.6% in the 1st quarter. AQR Capital Management LLC now owns 27,216 shares of the scientific and technical instruments company’s stock worth $3,965,000 after acquiring an additional 13,085 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Keysight Technologies by 5.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company’s stock worth $387,000 after purchasing an additional 122 shares during the period. Empowered Funds LLC grew its stake in Keysight Technologies by 30.0% during the first quarter. Empowered Funds LLC now owns 10,652 shares of the scientific and technical instruments company’s stock worth $1,595,000 after purchasing an additional 2,461 shares during the period. Geneos Wealth Management Inc. increased its holdings in Keysight Technologies by 66.5% in the first quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock worth $59,000 after purchasing an additional 157 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Keysight Technologies in the second quarter worth approximately $254,000. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
Shares of KEYS opened at $358.15 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. The stock has a 50 day moving average price of $333.35 and a two-hundred day moving average price of $312.09. The firm has a market capitalization of $61.21 billion, a P/E ratio of 58.91, a P/E/G ratio of 2.04 and a beta of 1.22. Keysight Technologies Inc. has a 52 week low of $152.85 and a 52 week high of $374.96.
Wall Street Analyst Weigh In
Several analysts have recently commented on KEYS shares. Robert W. Baird raised their price objective on shares of Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Barclays raised their price target on shares of Keysight Technologies from $320.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Susquehanna raised their target price on Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, May 20th. Truist Financial upped their price target on Keysight Technologies from $310.00 to $376.00 and gave the stock a “hold” rating in a research note on Thursday, May 21st. Finally, 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 research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.
Read Our Latest Research Report on Keysight Technologies
Insider Activity at Keysight Technologies
In related news, Director James Cullen sold 3,000 shares of the 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 sale, the director directly owned 21,821 shares of the company’s stock, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total value of $681,740.00. Following the transaction, the senior vice president owned 105,861 shares in the company, valued at approximately $36,084,839.07. This trade represents a 1.85% 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. In the last three months, insiders sold 5,507 shares of company stock valued at $1,904,669. 0.40% of the stock is owned by insiders.
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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