AIA Group Ltd acquired a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,440 shares of the scientific and technical instruments company’s stock, valued at approximately $777,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KEYS. Optiver Holding B.V. acquired a new position in shares of Keysight Technologies during the 3rd quarter worth about $35,000. Westfuller Advisors LLC acquired a new position in Keysight Technologies in the third quarter valued at approximately $45,000. True Wealth Design LLC grew its position in Keysight Technologies by 68.5% in the third quarter. True Wealth Design LLC now owns 278 shares of the scientific and technical instruments company’s stock worth $49,000 after acquiring an additional 113 shares during the period. Atlantic Union Bankshares Corp increased its stake in Keysight Technologies by 36.2% during the third quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 76 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Keysight Technologies during the third quarter worth $51,000. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Price Performance
Keysight Technologies stock opened at $277.54 on Friday. The company has a market cap of $47.60 billion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 2.26 and a beta of 1.12. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $317.00. The business has a fifty day moving average of $249.57 and a two-hundred day moving average of $207.13. 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 announced that its Board of Directors has approved a share buyback plan on Monday, November 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In other Keysight Technologies news, SVP Jo Ann Juskie sold 1,000 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $304.42, for a total transaction of $304,420.00. Following the sale, the senior vice president directly owned 12,552 shares in the company, valued at approximately $3,821,079.84. The trade was a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sung Yoon sold 889 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $206.66, for a total value of $183,720.74. Following the completion of the sale, the senior vice president directly owned 16,953 shares in the company, valued at $3,503,506.98. This trade represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 34,889 shares of company stock worth $9,746,021. 0.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on KEYS. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Barclays upped their target price on shares of Keysight Technologies from $232.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Wells Fargo & Company increased their target price on shares of Keysight Technologies from $225.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group boosted their price target on shares of Keysight Technologies from $243.00 to $322.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $295.36.
View Our Latest Research Report on Keysight Technologies
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.
See Also
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