Northwestern Mutual Wealth Management Co. boosted its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 29.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,109 shares of the scientific and technical instruments company’s stock after purchasing an additional 43,346 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.11% of Keysight Technologies worth $66,902,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Keysight Technologies during the 4th quarter worth about $25,000. Fiduciary Financial Advisors bought a new stake in Keysight Technologies in the second quarter valued at approximately $28,000. IMG Wealth Management Inc. acquired a new stake in Keysight Technologies in the second quarter worth $29,000. Cornerstone Planning Group LLC raised 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 purchasing an additional 30 shares during the period. Finally, Compass Financial Management LLC bought a new position in shares of Keysight Technologies during the second quarter worth $34,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Down 1.0%
Shares of NYSE KEYS opened at $319.55 on Wednesday. The stock has a market capitalization of $54.61 billion, a P/E ratio of 43.89, a PEG ratio of 1.66 and a beta of 1.21. The stock’s fifty day moving average is $327.47 and its 200 day moving average is $320.44. Keysight Technologies Inc. has a 52 week low of $158.79 and a 52 week high of $374.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.62 and a current ratio of 2.02.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Keysight Technologies from $387.00 to $429.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Morgan Stanley lifted their target price on Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Susquehanna boosted their target price on Keysight Technologies from $425.00 to $440.00 and gave the company a “positive” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 20th. Finally, Truist Financial raised their price target on Keysight Technologies from $376.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $392.83.
Get Our Latest Stock Analysis on KEYS
Insider Activity at Keysight Technologies
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the transaction, the chief executive officer directly owned 121,391 shares in the company, valued at $43,860,996.12. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $314.66, for a total value of $629,320.00. Following the sale, the senior vice president owned 103,861 shares of the company’s stock, valued at $32,680,902.26. The trade was a 1.89% 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. Insiders have sold 7,507 shares of company stock valued at $2,451,909 over the last three months. 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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