KBC Group NV grew its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 49.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,360 shares of the scientific and technical instruments company’s stock after acquiring an additional 25,155 shares during the period. KBC Group NV’s holdings in Keysight Technologies were worth $21,562,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in Keysight Technologies during the fourth quarter worth about $25,000. Cornerstone Planning Group LLC boosted its holdings in Keysight Technologies by 36.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 30 shares in the last quarter. Entrust Financial LLC acquired a new position in Keysight Technologies during the 4th quarter worth approximately $45,000. DV Equities LLC acquired a new position in Keysight Technologies during the 4th quarter worth approximately $49,000. Finally, Atlantic Edge Private Wealth Management LLC raised 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 buying an additional 214 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
NYSE KEYS opened at $328.12 on Wednesday. The business has a 50 day moving average price of $338.63 and a 200 day moving average price of $296.99. The company has a market capitalization of $56.08 billion, a P/E ratio of 53.97, a PEG ratio of 1.79 and a beta of 1.21. Keysight Technologies Inc. has a 1-year low of $152.85 and a 1-year high of $374.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51.
Insider Transactions at Keysight Technologies
In other Keysight Technologies news, Director James Cullen sold 3,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 21,821 shares in the company, valued at approximately $7,562,722.18. This trade represents a 12.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total transaction of $681,740.00. Following the transaction, the senior vice president owned 105,861 shares of the company’s stock, valued at approximately $36,084,839.07. The trade was a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,507 shares of company stock valued at $1,904,669 in the last 90 days. 0.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
KEYS has been the subject of several recent analyst reports. UBS Group raised their price target on Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Truist Financial raised their target price on Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Susquehanna upped their price target on shares of Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $371.92.
Check Out Our Latest Stock Analysis 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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