Sequoia Financial Advisors LLC raised its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,732 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,975 shares during the period. Sequoia Financial Advisors LLC’s holdings in Keysight Technologies were worth $15,659,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of KEYS. AQR Capital Management LLC boosted its position in shares of Keysight Technologies by 92.6% during the first quarter. AQR Capital Management LLC now owns 27,216 shares of the scientific and technical instruments company’s stock valued at $3,965,000 after buying an additional 13,085 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Keysight Technologies by 5.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company’s stock worth $387,000 after buying an additional 122 shares during the last quarter. Empowered Funds LLC lifted its stake in Keysight Technologies by 30.0% during the 1st quarter. Empowered Funds LLC now owns 10,652 shares of the scientific and technical instruments company’s stock valued at $1,595,000 after acquiring an additional 2,461 shares during the period. Geneos Wealth Management Inc. lifted its stake in Keysight Technologies by 66.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock valued at $59,000 after acquiring an additional 157 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Keysight Technologies during the 2nd quarter valued at about $254,000. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
NYSE:KEYS opened at $325.79 on Friday. The stock has a 50-day simple moving average of $325.47 and a two-hundred day simple moving average of $324.90. 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. The firm has a market capitalization of $55.46 billion, a PE ratio of 44.75, a P/E/G ratio of 1.65 and a beta of 1.21.
Insiders Place Their Bets
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 507 shares of the company’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 value 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. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $326.10, for a total transaction of $652,200.00. Following the completion of the sale, the senior vice president directly owned 101,861 shares of the company’s stock, valued at approximately $33,216,872.10. This trade represents a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,507 shares of company stock worth $3,104,109. Company insiders own 0.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on KEYS shares. Robert W. Baird increased their price objective on shares of Keysight Technologies from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 20th. Morgan Stanley increased their price target on Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Citigroup restated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Keysight Technologies in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $392.83.
Read Our Latest Stock Analysis on Keysight Technologies
Keysight Technologies Company Profile
Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for engineers, manufacturers and service providers. Its products and services help customers design, validate, manufacture and optimize electronic and communications systems across the product life cycle.
The company offers electronic measurement instruments, software and related services for applications including radio-frequency and microwave testing, wireless communications, high-speed digital systems, semiconductor development and power electronics.
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