Raiffeisen Bank International AG decreased its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,070 shares of the scientific and technical instruments company’s stock after selling 1,778 shares during the quarter. Raiffeisen Bank International AG owned 0.12% of Keysight Technologies worth $41,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new stake in Keysight Technologies in the 4th quarter worth approximately $1,123,000. Willis Investment Counsel increased its stake in Keysight Technologies by 5.7% in the 4th quarter. Willis Investment Counsel now owns 80,609 shares of the scientific and technical instruments company’s stock worth $16,379,000 after purchasing an additional 4,333 shares during the period. Confluence Investment Management LLC increased its stake in Keysight Technologies by 2.3% in the 4th quarter. Confluence Investment Management LLC now owns 334,338 shares of the scientific and technical instruments company’s stock worth $67,934,000 after purchasing an additional 7,398 shares during the period. Guyasuta Investment Advisors Inc. purchased a new position in Keysight Technologies in the 4th quarter worth approximately $1,137,000. Finally, Oak Harvest Investment Services purchased a new position in Keysight Technologies in the 4th quarter worth approximately $4,070,000. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
KEYS opened at $339.69 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. Keysight Technologies Inc. has a 52-week low of $152.85 and a 52-week high of $370.17. The stock has a market capitalization of $58.05 billion, a PE ratio of 55.87, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The stock’s 50 day moving average price is $336.96 and its 200-day moving average price is $270.96.
Insider Activity
In other news, CEO Satish Dhanasekaran sold 1,667 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $300.00, for a total transaction of $500,100.00. Following the transaction, the chief executive officer directly owned 122,398 shares of the company’s stock, valued at approximately $36,719,400. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Cullen sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the transaction, the director directly owned 21,821 shares in the company, valued at $7,562,722.18. This trade represents a 12.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 40,334 shares of company stock valued at $11,793,190. 0.40% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have commented on KEYS shares. Citigroup lifted their price target on Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Bank of America raised 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. Susquehanna lifted their price target on Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, May 20th. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.92.
Check Out Our Latest Stock Analysis on KEYS
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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