Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 61,851 shares of the scientific and technical instruments company’s stock, valued at approximately $21,652,000.
Several other large investors have also recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC grew its stake in Keysight Technologies by 15.0% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 222 shares of the scientific and technical instruments company’s stock worth $63,000 after buying an additional 29 shares during the last quarter. Kera Capital Partners Inc. boosted its holdings in Keysight Technologies by 0.9% in the first quarter. Kera Capital Partners Inc. now owns 3,276 shares of the scientific and technical instruments company’s stock worth $925,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Keysight Technologies by 36.1% in the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 30 shares in the last quarter. KCM Investment Advisors LLC grew its stake in shares of Keysight Technologies by 1.3% during the first quarter. KCM Investment Advisors LLC now owns 2,333 shares of the scientific and technical instruments company’s stock worth $659,000 after acquiring an additional 30 shares during the last quarter. Finally, WPG Advisers LLC grew its position in Keysight Technologies by 16.5% during the 1st quarter. WPG Advisers LLC now owns 219 shares of the scientific and technical instruments company’s stock worth $62,000 after purchasing an additional 31 shares during the last quarter. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Stock Up 3.2%
Keysight Technologies stock opened at $320.54 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62. The stock has a market capitalization of $54.78 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. The business has a 50 day simple moving average of $331.33 and a 200-day simple moving average of $317.27. Keysight Technologies Inc. has a 12 month low of $158.79 and a 12 month high of $374.96.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 20th. The Goldman Sachs Group reissued a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. Zacks Research upgraded Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Citigroup reaffirmed a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company increased their price objective on Keysight Technologies from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. One research 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’s stock. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $392.83.
Read Our Latest Report on KEYS
Insider Activity at Keysight Technologies
In related news, CEO Satish Dhanasekaran sold 507 shares of the firm’s 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 directly owned 121,391 shares of the company’s stock, valued at approximately $43,860,996.12. This trade represents a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the director 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 disclosure for this sale is available in the SEC filing. Insiders have sold 10,507 shares of company stock worth $3,491,649 in the last quarter. 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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