Bessemer Group Inc. decreased its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 14.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,227,794 shares of the scientific and technical instruments company’s stock after selling 202,204 shares during the quarter. Bessemer Group Inc.’s holdings in Keysight Technologies were worth $249,475,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Park Avenue Securities LLC increased its stake in shares of Keysight Technologies by 1.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,332 shares of the scientific and technical instruments company’s stock valued at $1,287,000 after buying an additional 60 shares during the period. Norden Group LLC increased its stake in shares of Keysight Technologies by 5.4% during the fourth quarter. Norden Group LLC now owns 1,236 shares of the scientific and technical instruments company’s stock valued at $251,000 after buying an additional 63 shares during the period. Prospera Financial Services Inc increased its stake in shares of Keysight Technologies by 3.7% during the third quarter. Prospera Financial Services Inc now owns 1,889 shares of the scientific and technical instruments company’s stock valued at $330,000 after buying an additional 67 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of Keysight Technologies by 2.0% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 3,634 shares of the scientific and technical instruments company’s stock valued at $759,000 after buying an additional 70 shares during the period. Finally, Advisors Capital Management LLC increased its stake in shares of Keysight Technologies by 3.5% during the third quarter. Advisors Capital Management LLC now owns 2,077 shares of the scientific and technical instruments company’s stock valued at $363,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
Shares of NYSE KEYS opened at $361.36 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.02 and a current ratio of 2.60. The company has a market cap of $61.97 billion, a PE ratio of 65.11, a P/E/G ratio of 2.63 and a beta of 1.26. The business has a 50-day simple moving average of $314.41 and a two-hundred day simple moving average of $248.03. Keysight Technologies Inc. has a fifty-two week low of $152.85 and a fifty-two week high of $370.17.
Insiders Place Their Bets
In other Keysight Technologies news, SVP Jo Ann Juskie sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $304.42, for a total value of $304,420.00. Following the completion of the sale, the senior vice president owned 12,552 shares of the company’s stock, valued at approximately $3,821,079.84. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 1,667 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $300.00, for a total value of $500,100.00. Following the completion of the sale, the chief executive officer directly owned 122,398 shares of the company’s stock, valued at approximately $36,719,400. This represents a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,334 shares of company stock valued at $11,533,230. 0.40% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Bank of America upgraded Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 price target on the stock in a research note on Tuesday, February 24th. Truist Financial assumed coverage on Keysight Technologies in a research note on Tuesday, March 31st. They set a “hold” rating and a $310.00 price target on the stock. The Goldman Sachs Group raised their price target on Keysight Technologies from $322.00 to $384.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Citigroup raised their price target on Keysight Technologies from $282.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Wells Fargo & Company raised their price target on Keysight Technologies from $225.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. 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 company. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $314.33.
View Our Latest Stock 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.
Recommended Stories
- Five stocks we like better than Keysight Technologies
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS – Free Report).
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
