Alps Advisors Inc. boosted its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 87.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,076 shares of the scientific and technical instruments company’s stock after buying an additional 2,362 shares during the quarter. Alps Advisors Inc.’s holdings in Keysight Technologies were worth $888,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of KEYS. AQR Capital Management LLC lifted its position in shares of Keysight Technologies by 92.6% in 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 acquiring an additional 13,085 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Keysight Technologies by 5.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company’s stock worth $387,000 after purchasing an additional 122 shares in the last quarter. Empowered Funds LLC raised its stake in Keysight Technologies by 30.0% in 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 purchasing an additional 2,461 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Keysight Technologies by 66.5% in 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 purchasing an additional 157 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Keysight Technologies in the 2nd quarter valued at $254,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
Shares of KEYS stock opened at $229.85 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.78 and a current ratio of 2.35. The firm has a market cap of $39.42 billion, a P/E ratio of 47.00, a P/E/G ratio of 2.49 and a beta of 1.20. The firm’s 50 day moving average price is $213.25 and its 200-day moving average price is $186.77. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $242.62.
Keysight Technologies declared that its board has approved a stock buyback program on Monday, November 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the scientific and technical instruments company to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Transactions at Keysight Technologies
In other news, CFO Neil Dougherty sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $203.72, for a total value of $203,720.00. Following the completion of the transaction, the chief financial officer owned 127,833 shares of the company’s stock, valued at approximately $26,042,138.76. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 4,230 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $211.43, for a total transaction of $894,348.90. Following the completion of the transaction, the chief executive officer owned 128,131 shares of the company’s stock, valued at $27,090,737.33. This trade represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 78,784 shares of company stock worth $15,841,737. 0.40% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
KEYS has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Keysight Technologies from $195.00 to $220.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. Susquehanna upped their price objective on shares of Keysight Technologies from $215.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, November 25th. Wells Fargo & Company increased their price objective on shares of Keysight Technologies from $190.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Keysight Technologies in a report on Monday, December 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $243.00 price target on shares of Keysight Technologies in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $221.64.
Check Out Our Latest Analysis on KEYS
Keysight Technologies Company 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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