American Century Companies Inc. boosted its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,548 shares during the quarter. American Century Companies Inc.’s holdings in Keysight Technologies were worth $7,374,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in KEYS. True Wealth Design LLC lifted its holdings in shares of Keysight Technologies by 358.3% in the second quarter. True Wealth Design LLC now owns 165 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 129 shares in the last quarter. NewSquare Capital LLC raised its position in Keysight Technologies by 155.2% in the 2nd quarter. NewSquare Capital LLC now owns 171 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Keysight Technologies in the 2nd quarter valued at approximately $34,000. Zions Bancorporation National Association UT acquired a new position in Keysight Technologies during the 1st quarter worth approximately $36,000. Finally, WPG Advisers LLC bought a new position in shares of Keysight Technologies during the 1st quarter worth approximately $39,000. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
KEYS opened at $210.31 on Friday. Keysight Technologies Inc. has a 12-month low of $121.43 and a 12-month high of $211.57. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 2.22 and a beta of 1.19. The business has a 50 day moving average of $178.31 and a 200-day moving average of $169.35. The company has a quick ratio of 1.78, a current ratio of 2.35 and a debt-to-equity ratio of 0.43.
Keysight Technologies announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Analysts Set New Price Targets
A number of analysts have recently commented on KEYS shares. Citigroup boosted their price objective on shares of Keysight Technologies from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Jefferies Financial Group lifted their price target on shares of Keysight Technologies from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Tuesday, November 25th. Wall Street Zen upgraded shares of Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. UBS Group set a $230.00 price objective on Keysight Technologies in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. upped their target price on Keysight Technologies from $200.00 to $207.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $214.82.
Read Our Latest Stock Analysis on KEYS
Insider Buying and Selling
In related news, SVP Ingrid A. Estrada sold 4,827 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $196.42, for a total value of $948,119.34. Following the transaction, the senior vice president directly owned 110,079 shares in the company, valued at approximately $21,621,717.18. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald S. Nersesian sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $196.88, for a total transaction of $5,906,400.00. Following the transaction, the director directly owned 198,389 shares in the company, valued at approximately $39,058,826.32. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 59,807 shares of company stock valued at $11,730,353. 0.61% of the stock is currently owned by insiders.
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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