Allianz Asset Management GmbH increased its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 114.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,501 shares of the scientific and technical instruments company’s stock after acquiring an additional 25,369 shares during the period. Allianz Asset Management GmbH’s holdings in Keysight Technologies were worth $7,784,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of KEYS. Accent Capital Management LLC bought a new position in shares of Keysight Technologies in the first quarter valued at approximately $28,000. Manchester Capital Management LLC grew its holdings in Keysight Technologies by 85.0% during the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 108 shares during the period. Zions Bancorporation National Association UT bought a new position in Keysight Technologies during the first quarter valued at $36,000. Private Trust Co. NA grew its holdings in Keysight Technologies by 39.9% during the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 75 shares during the period. Finally, WPG Advisers LLC bought a new position in Keysight Technologies during the first quarter valued at $39,000. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Price Performance
Keysight Technologies stock opened at $167.50 on Wednesday. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $186.20. The business has a fifty day moving average price of $168.63 and a 200-day moving average price of $160.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The firm has a market capitalization of $28.79 billion, a P/E ratio of 53.34, a PEG ratio of 2.30 and a beta of 1.18.
Insider Activity
In related news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total value of $347,960.00. Following the sale, the senior vice president owned 106,590 shares in the company, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Wall Street Zen raised Keysight Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Bank of America increased their price objective on Keysight Technologies from $175.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Keysight Technologies in a report on Wednesday, October 8th. Barclays reduced their price objective on Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on Keysight Technologies from $177.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $187.38.
Check Out Our Latest Analysis on KEYS
Keysight Technologies 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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