Ferguson Wellman Capital Management Inc. trimmed its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 31.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,744 shares of the scientific and technical instruments company’s stock after selling 2,141 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Keysight Technologies were worth $1,340,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Quarry LP bought a new stake in Keysight Technologies during the 4th quarter valued at $25,000. Entrust Financial LLC bought a new position in shares of Keysight Technologies in the 4th quarter worth $45,000. DV Equities LLC bought a new position in shares of Keysight Technologies in the 4th quarter worth $49,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Keysight Technologies by 497.7% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 214 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Keysight Technologies during the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
KEYS opened at $322.30 on Monday. The company has a market cap of $55.08 billion, a P/E ratio of 53.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $344.15 and its 200-day moving average price is $291.34. Keysight Technologies Inc. has a 52-week low of $152.85 and a 52-week high of $374.96.
Wall Street Analyst Weigh In
KEYS has been the topic of several analyst reports. Truist Financial lifted their target price on Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Keysight Technologies in a report on Wednesday, June 3rd. Susquehanna lifted their price objective on shares of Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, May 20th. Barclays boosted their price objective on shares of Keysight Technologies from $320.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, Zacks Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.92.
Check Out Our Latest Stock Analysis on KEYS
Insiders Place Their Bets
In other news, CEO Satish Dhanasekaran sold 507 shares of Keysight Technologies stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the sale, the chief executive officer directly owned 121,391 shares in the company, valued at approximately $43,860,996.12. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the sale, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 5,507 shares of company stock valued at $1,904,669. 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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