Bell Asset Management Ltd decreased its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 23.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,903 shares of the scientific and technical instruments company’s stock after selling 7,386 shares during the quarter. Bell Asset Management Ltd’s holdings in Keysight Technologies were worth $4,181,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KEYS. True Wealth Design LLC increased its stake in 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 acquiring an additional 129 shares during the period. Atlantic Union Bankshares Corp bought a new position in Keysight Technologies during the second quarter worth about $34,000. Optiver Holding B.V. bought a new position in Keysight Technologies during the third quarter worth about $35,000. Westfuller Advisors LLC acquired a new stake in Keysight Technologies during the third quarter valued at approximately $45,000. Finally, Root Financial Partners LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at approximately $51,000. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Stock Performance
Shares of Keysight Technologies stock opened at $271.87 on Monday. The firm has a fifty day moving average of $234.30 and a two-hundred day moving average of $199.33. The stock has a market capitalization of $46.63 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 2.12 and a beta of 1.12. Keysight Technologies Inc. has a 52 week low of $121.43 and a 52 week high of $317.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.02 and a current ratio of 2.60.
Keysight Technologies declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
Insider Transactions at Keysight Technologies
In other Keysight Technologies news, SVP John Page sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $213.48, for a total transaction of $3,202,200.00. Following the transaction, the senior vice president owned 21,393 shares in the company, valued at approximately $4,566,977.64. This trade represents a 41.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jo Ann Juskie sold 1,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $304.42, for a total value of $304,420.00. Following the transaction, the senior vice president owned 12,552 shares of the company’s stock, valued at $3,821,079.84. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 24,119 shares of company stock valued at $5,263,770. Corporate insiders own 0.40% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on KEYS shares. The Goldman Sachs Group increased their target price on Keysight Technologies from $243.00 to $322.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Robert W. Baird boosted their price target on Keysight Technologies from $230.00 to $257.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Citigroup raised their price target on Keysight Technologies from $220.00 to $282.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Jefferies Financial Group boosted their target price on shares of Keysight Technologies from $195.00 to $220.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.36.
Read Our Latest Report on KEYS
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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