Saudi Central Bank boosted its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 89.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,005 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,663 shares during the period. Saudi Central Bank’s holdings in Keysight Technologies were worth $4,203,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors bought a new position in shares of Keysight Technologies during the 2nd quarter worth approximately $28,000. IMG Wealth Management Inc. bought a new position in shares of Keysight Technologies in the second quarter valued at approximately $29,000. Compass Financial Management LLC purchased a new stake in shares of Keysight Technologies during the second quarter valued at approximately $34,000. Virtus Advisers LLC purchased a new stake in shares of Keysight Technologies during the second quarter valued at approximately $35,000. Finally, Markowski Investments bought a new stake in Keysight Technologies during the second quarter worth $38,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
NYSE KEYS opened at $326.79 on Monday. The firm has a market cap of $55.63 billion, a P/E ratio of 44.89, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $325.95 and its 200-day moving average is $322.37. Keysight Technologies Inc. has a 12-month low of $158.79 and a 12-month high of $374.96.
Insiders Place Their Bets
In related news, Director Jean Mcclung Nye sold 3,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $319.22, for a total transaction of $957,660.00. Following the sale, the director owned 35,752 shares of the company’s stock, valued at approximately $11,412,753.44. This represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Satish Dhanasekaran sold 507 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was 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. Insiders have sold a total of 7,507 shares of company stock worth $2,451,909 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Keysight Technologies from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Wells Fargo & Company raised their target price on Keysight Technologies from $390.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. UBS Group lifted their target price on Keysight Technologies from $420.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Keysight Technologies in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $392.83.
Read Our Latest Research Report on KEYS
Keysight Technologies 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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