Wedge Capital Management L L P NC increased its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,131 shares of the scientific and technical instruments company’s stock after acquiring an additional 24,580 shares during the quarter. Keysight Technologies makes up about 1.3% of Wedge Capital Management L L P NC’s holdings, making the stock its 11th biggest position. Wedge Capital Management L L P NC owned 0.13% of Keysight Technologies worth $80,562,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of KEYS. Belpointe Asset Management LLC purchased a new position in shares of Keysight Technologies in the 4th quarter valued at approximately $1,123,000. Oak Harvest Investment Services purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $4,070,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Keysight Technologies by 21.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,986 shares of the scientific and technical instruments company’s stock worth $6,296,000 after purchasing an additional 5,375 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Keysight Technologies during the fourth quarter worth $1,123,000. Finally, Comerica Bank grew its position in Keysight Technologies by 57.2% in the 4th quarter. Comerica Bank now owns 52,506 shares of the scientific and technical instruments company’s stock valued at $10,669,000 after buying an additional 19,104 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
KEYS stock opened at $344.01 on Wednesday. The firm has a 50 day moving average of $332.51 and a 200-day moving average of $309.11. The company has a market cap of $58.79 billion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.91 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29. Keysight Technologies Inc. has a 12-month low of $152.85 and a 12-month high of $374.96.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. UBS Group upped their price objective on shares of Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Weiss Ratings cut shares of Keysight Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Barclays lifted their price objective on Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. One equities 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. Based on data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $371.92.
View Our Latest Research Report on KEYS
Insiders Place Their Bets
In other Keysight Technologies news, Director James Cullen sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total value of $1,039,740.00. Following the sale, the director owned 21,821 shares of the company’s stock, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satish Dhanasekaran sold 507 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the completion of the transaction, the chief executive officer owned 121,391 shares of the company’s stock, valued at approximately $43,860,996.12. This represents a 0.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 5,507 shares of company stock worth $1,904,669. 0.40% of the stock is owned by corporate insiders.
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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