Compagnie Lombard Odier SCmA boosted its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,722 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,167 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Keysight Technologies were worth $13,760,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in KEYS. Allspring Global Investments Holdings LLC increased its holdings in shares of Keysight Technologies by 2,290.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,421,437 shares of the scientific and technical instruments company’s stock worth $246,051,000 after buying an additional 1,361,969 shares during the period. Woodline Partners LP purchased a new stake in Keysight Technologies during the 3rd quarter valued at about $208,891,000. Man Group plc grew its position in Keysight Technologies by 164.3% during the 2nd quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company’s stock worth $165,564,000 after acquiring an additional 628,082 shares during the last quarter. AQR Capital Management LLC grew its position in Keysight Technologies by 2,004.8% during the 2nd quarter. AQR Capital Management LLC now owns 572,836 shares of the scientific and technical instruments company’s stock worth $93,865,000 after acquiring an additional 545,620 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Keysight Technologies in the 3rd quarter worth approximately $90,914,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Keysight Technologies Price Performance
Shares of KEYS stock opened at $290.22 on Thursday. 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 Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $317.00. The firm has a market cap of $49.77 billion, a P/E ratio of 52.29, a P/E/G ratio of 2.13 and a beta of 1.15. The business’s 50 day moving average price is $261.24 and its 200-day moving average price is $213.95.
Wall Street Analysts Forecast Growth
KEYS has been the subject of several recent research reports. Jefferies Financial Group boosted their price objective on Keysight Technologies from $195.00 to $220.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Citigroup lifted their target price on shares of Keysight Technologies from $282.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Barclays upped their price target on shares of Keysight Technologies from $232.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Wells Fargo & Company increased their price target on shares of Keysight Technologies from $225.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Finally, UBS Group raised their price target on shares of Keysight Technologies from $230.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $304.17.
View Our Latest Analysis on KEYS
Insiders Place Their Bets
In related news, Director Ronald S. Nersesian sold 30,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $285.96, for a total transaction of $8,578,800.00. Following the transaction, the director owned 163,377 shares in the company, valued at $46,719,286.92. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Neil Dougherty sold 2,000 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $298.37, for a total transaction of $596,740.00. Following the completion of the transaction, the chief financial officer directly owned 125,272 shares of the company’s stock, valued at approximately $37,377,406.64. The trade was a 1.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 40,334 shares of company stock worth $11,533,230. Company insiders own 0.40% of the company’s stock.
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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