Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 58.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,776 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,983 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Keysight Technologies were worth $3,043,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of KEYS. Vanguard Group Inc. lifted its position in shares of Keysight Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,525,694 shares of the scientific and technical instruments company’s stock valued at $4,373,806,000 after buying an additional 101,856 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Keysight Technologies by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,419,811 shares of the scientific and technical instruments company’s stock worth $3,539,532,000 after acquiring an additional 85,693 shares in the last quarter. State Street Corp raised its stake in Keysight Technologies by 2.5% during the 4th quarter. State Street Corp now owns 8,191,895 shares of the scientific and technical instruments company’s stock worth $1,664,511,000 after acquiring an additional 200,279 shares during the period. Boston Partners lifted its holdings in Keysight Technologies by 3.4% during the third quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company’s stock valued at $851,525,000 after purchasing an additional 160,728 shares in the last quarter. Finally, Capital World Investors lifted its holdings in Keysight Technologies by 6.5% during the fourth quarter. Capital World Investors now owns 3,940,767 shares of the scientific and technical instruments company’s stock valued at $800,732,000 after purchasing an additional 240,058 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
KEYS stock opened at $312.62 on Friday. Keysight Technologies Inc. has a 52 week low of $152.85 and a 52 week high of $374.96. The firm has a market capitalization of $53.43 billion, a P/E ratio of 51.42, a price-to-earnings-growth ratio of 1.69 and a beta of 1.21. The company has a fifty day simple moving average of $333.93 and a two-hundred day simple moving average of $302.22. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.29.
Insider Activity at Keysight Technologies
In related news, Director James Cullen sold 3,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the sale, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction on 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 directly owned 105,861 shares of the company’s stock, valued at $36,084,839.07. The trade was a 1.85% 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. In the last 90 days, insiders have sold 5,507 shares of company stock worth $1,904,669. Company insiders own 0.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on KEYS. Barclays raised their price target on Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Robert W. Baird boosted their price target on Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Citigroup increased their price objective on shares of Keysight Technologies from $320.00 to $396.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Susquehanna boosted their target price 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. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.92.
Check Out 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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