Lansforsakringar Fondforvaltning AB publ lessened its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,559 shares of the scientific and technical instruments company’s stock after selling 2,451 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Keysight Technologies were worth $15,688,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Kestra Private Wealth Services LLC raised its position in shares of Keysight Technologies by 3.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,201 shares of the scientific and technical instruments company’s stock valued at $339,000 after purchasing an additional 41 shares during the last quarter. Anchyra Partners LLC raised its holdings in shares of Keysight Technologies by 3.7% in the first quarter. Anchyra Partners LLC now owns 1,404 shares of the scientific and technical instruments company’s stock worth $396,000 after buying an additional 50 shares during the last quarter. Haven Private LLC lifted its stake in shares of Keysight Technologies by 1.3% during the fourth quarter. Haven Private LLC now owns 4,063 shares of the scientific and technical instruments company’s stock worth $826,000 after buying an additional 52 shares during the period. UMB Bank n.a. lifted its stake in shares of Keysight Technologies by 4.3% during the fourth quarter. UMB Bank n.a. now owns 1,324 shares of the scientific and technical instruments company’s stock worth $269,000 after buying an additional 54 shares during the period. Finally, Zions Bancorporation National Association UT grew its holdings in shares of Keysight Technologies by 12.9% during the fourth quarter. Zions Bancorporation National Association UT now owns 515 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Trading Up 2.9%
KEYS stock opened at $349.92 on Wednesday. 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. The stock has a market cap of $59.80 billion, a price-to-earnings ratio of 57.55, a PEG ratio of 1.94 and a beta of 1.22. The business’s 50-day moving average is $347.33 and its 200 day moving average is $284.89.
Insider Buying and Selling at Keysight Technologies
In other news, Director James Cullen sold 3,000 shares of the 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 directly owned 21,821 shares in the company, valued at $7,562,722.18. This represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer owned 121,391 shares in the company, valued at $43,860,996.12. The trade was a 0.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.40% of the company’s stock.
Wall Street Analysts Forecast Growth
KEYS has been the topic of a number of research reports. Wall Street Zen raised Keysight Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Morgan Stanley upped their target price on Keysight Technologies from $305.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Susquehanna increased their price target on shares of Keysight Technologies from $415.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, May 20th. Robert W. Baird upped their price objective on shares of Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Finally, Citigroup raised their target price on shares of Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.92.
View Our Latest Stock Report on Keysight Technologies
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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