US Bancorp DE reduced its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,771 shares of the scientific and technical instruments company’s stock after selling 2,809 shares during the period. US Bancorp DE’s holdings in Keysight Technologies were worth $8,691,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Cardinal Capital Management increased its holdings in Keysight Technologies by 0.6% in the 4th quarter. Cardinal Capital Management now owns 40,066 shares of the scientific and technical instruments company’s stock valued at $8,141,000 after purchasing an additional 222 shares in the last quarter. Keybank National Association OH increased its holdings in Keysight Technologies by 5.3% in the 4th quarter. Keybank National Association OH now owns 3,378 shares of the scientific and technical instruments company’s stock valued at $686,000 after purchasing an additional 170 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Keysight Technologies by 8.6% in the 4th quarter. Wealthfront Advisers LLC now owns 15,796 shares of the scientific and technical instruments company’s stock valued at $3,210,000 after purchasing an additional 1,245 shares in the last quarter. Certuity LLC increased its holdings in Keysight Technologies by 11.7% in the 4th quarter. Certuity LLC now owns 1,297 shares of the scientific and technical instruments company’s stock valued at $264,000 after purchasing an additional 136 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Keysight Technologies in the 4th quarter valued at $304,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
NYSE:KEYS opened at $352.13 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.60 and a quick ratio of 2.02. The firm has a 50-day moving average of $303.06 and a two-hundred day moving average of $237.02. The stock has a market cap of $60.39 billion, a P/E ratio of 63.45, a PEG ratio of 2.57 and a beta of 1.26. Keysight Technologies Inc. has a 1-year low of $145.51 and a 1-year high of $353.52.
Insider Buying and Selling at Keysight Technologies
In other news, CEO Satish Dhanasekaran sold 1,667 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $300.00, for a total transaction of $500,100.00. Following the transaction, the chief executive officer owned 122,398 shares of the company’s stock, valued at approximately $36,719,400. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction, the chief financial officer directly owned 125,272 shares in the company, valued at $37,377,406.64. The trade was a 1.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 40,334 shares of company stock valued at $11,533,230. Corporate insiders own 0.40% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on KEYS. Wall Street Zen upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Citigroup upped their price objective on shares of Keysight Technologies from $282.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Robert W. Baird upped their price objective on shares of Keysight Technologies from $295.00 to $310.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Wells Fargo & Company upped their price objective 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, Truist Financial started coverage on shares of Keysight Technologies in a research report on Tuesday, March 31st. They issued a “hold” rating and a $310.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $314.33.
Check Out Our Latest Report on Keysight Technologies
About Keysight Technologies
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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