ProShare Advisors LLC increased its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,876 shares of the scientific and technical instruments company’s stock after buying an additional 1,980 shares during the period. ProShare Advisors LLC’s holdings in Keysight Technologies were worth $7,899,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new stake in Keysight Technologies during the fourth quarter worth $1,123,000. Madison Asset Management LLC raised its position in Keysight Technologies by 7.6% during the third quarter. Madison Asset Management LLC now owns 571,222 shares of the scientific and technical instruments company’s stock worth $99,918,000 after acquiring an additional 40,153 shares during the period. Willis Investment Counsel raised its position in Keysight Technologies by 5.7% during the fourth quarter. Willis Investment Counsel now owns 80,609 shares of the scientific and technical instruments company’s stock worth $16,379,000 after acquiring an additional 4,333 shares during the period. Guyasuta Investment Advisors Inc. acquired a new position in Keysight Technologies during the fourth quarter worth $1,137,000. Finally, Confluence Investment Management LLC raised its position in Keysight Technologies by 2.3% during the fourth quarter. Confluence Investment Management LLC now owns 334,338 shares of the scientific and technical instruments company’s stock worth $67,934,000 after acquiring an additional 7,398 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.
Keysight Technologies Price Performance
Keysight Technologies stock opened at $338.10 on Friday. Keysight Technologies Inc. has a 12-month low of $152.85 and a 12-month high of $370.17. The stock has a market cap of $57.98 billion, a P/E ratio of 55.61, a PEG ratio of 2.48 and a beta of 1.26. The company has a 50-day moving average price of $320.23 and a 200 day moving average price of $253.99. The company has a current ratio of 1.90, a quick ratio of 2.02 and a debt-to-equity ratio of 0.29.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup increased their target price on shares of Keysight Technologies from $320.00 to $396.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial set a $376.00 target price on shares of Keysight Technologies in a research report on Thursday. The Goldman Sachs Group reiterated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday. Finally, Robert W. Baird increased their target price on shares of Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.92.
View Our Latest Research Report on Keysight Technologies
Keysight Technologies News Roundup
Here are the key news stories impacting Keysight Technologies this week:
- Positive Sentiment: JPMorgan raised its price target on Keysight Technologies (KEYS) from $360 to $390 and reiterated an overweight rating, signaling confidence in further upside after the company’s strong quarter. JPMorgan raises Keysight price target to $390
- Positive Sentiment: Analysts said Keysight has doubled its AI customer base, with growth broadening across end markets, reinforcing the view that AI-related demand is becoming a bigger driver of future revenue. Seeking Alpha article on AI customer growth
- Positive Sentiment: Keysight’s fiscal Q2 results beat EPS expectations, with earnings of $2.87 versus $2.32 expected, and revenue growth of about 31% year over year, driven by AI data center and chip demand. Zacks article on Q2 earnings
- Positive Sentiment: Several analysts increased forecasts after the strong quarter, suggesting Street sentiment is improving and could support the stock’s valuation. Benzinga analyst forecast increases
- Neutral Sentiment: Unusual options activity showed elevated call buying, which may reflect speculation that the post-earnings move has more room to run, but it does not by itself change fundamentals.
Insider Activity
In related news, CFO Neil Dougherty sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $298.37, for a total transaction of $596,740.00. Following the completion of the sale, the chief financial officer directly owned 125,272 shares in the company, valued at approximately $37,377,406.64. This trade represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey K. Li sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $297.19, for a total transaction of $594,380.00. Following the sale, the senior vice president owned 34,499 shares of the company’s stock, valued at approximately $10,252,757.81. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,334 shares of company stock valued at $11,057,870 in the last quarter. Insiders own 0.40% of the company’s stock.
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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