Union Bancaire Privee UBP SA lessened its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 55.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,272 shares of the scientific and technical instruments company’s stock after selling 2,868 shares during the period. Union Bancaire Privee UBP SA’s holdings in Keysight Technologies were worth $634,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Keysight Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,525,694 shares of the scientific and technical instruments company’s stock worth $4,373,806,000 after purchasing an additional 101,856 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Keysight Technologies by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,419,811 shares of the scientific and technical instruments company’s stock valued at $3,539,532,000 after buying an additional 85,693 shares in the last quarter. State Street Corp grew its stake in shares of Keysight Technologies by 2.5% in the fourth quarter. State Street Corp now owns 8,191,895 shares of the scientific and technical instruments company’s stock valued at $1,664,511,000 after buying an additional 200,279 shares in the last quarter. Boston Partners raised its holdings in shares of Keysight Technologies by 3.4% during the 3rd quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company’s stock valued at $851,525,000 after buying an additional 160,728 shares during the period. Finally, Capital World Investors lifted its position in Keysight Technologies by 6.5% during the 4th quarter. Capital World Investors now owns 3,940,767 shares of the scientific and technical instruments company’s stock worth $800,732,000 after acquiring an additional 240,058 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
Keysight Technologies stock opened at $336.31 on Monday. Keysight Technologies Inc. has a 52 week low of $152.85 and a 52 week high of $374.96. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29. The stock has a market cap of $57.47 billion, a P/E ratio of 55.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22. The stock has a 50 day moving average of $346.80 and a 200-day moving average of $283.02.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Barclays upped their price target on Keysight Technologies from $320.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Keysight Technologies in a research report on Wednesday, June 3rd. Wells Fargo & Company upped their target price on shares of Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Keysight Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Keysight Technologies in a research note 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 assigned a Hold rating to the stock. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $371.92.
Check Out Our Latest Report on KEYS
Insider Buying and Selling at Keysight Technologies
In other news, Director James Cullen sold 3,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director owned 21,821 shares of the company’s stock, valued at approximately $7,562,722.18. The trade was a 12.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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