Groupe la Francaise reduced its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 35.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 20,104 shares of the scientific and technical instruments company’s stock after selling 11,130 shares during the quarter. Groupe la Francaise’s holdings in Keysight Technologies were worth $7,038,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KEYS. Quarry LP acquired a new stake in shares of Keysight Technologies in the 4th quarter valued at about $25,000. Fiduciary Financial Advisors acquired a new position in shares of Keysight Technologies during the second quarter worth about $28,000. IMG Wealth Management Inc. bought a new position in shares of Keysight Technologies during the second quarter worth about $29,000. Cornerstone Planning Group LLC grew its holdings in shares of Keysight Technologies by 36.1% during the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 30 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Keysight Technologies in the 2nd quarter valued at approximately $34,000. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Stock Down 0.1%
KEYS stock opened at $326.79 on Tuesday. The company has a market cap of $55.63 billion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 1.63 and a beta of 1.21. Keysight Technologies Inc. has a twelve month low of $158.79 and a twelve month high of $374.96. The business has a 50 day moving average price of $325.69 and a two-hundred day moving average price of $323.02. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.
Analysts Set New Price Targets
KEYS has been the topic of several research reports. Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings raised shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 20th. Finally, Truist Financial increased their target price on shares of Keysight Technologies from $376.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $392.83.
Get Our Latest Stock Analysis on Keysight Technologies
Insiders Place Their Bets
In other news, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer directly owned 121,391 shares in the company, valued at $43,860,996.12. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $314.66, for a total transaction of $629,320.00. Following the completion of the sale, the senior vice president directly owned 103,861 shares in the company, valued at approximately $32,680,902.26. The trade was a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,507 shares of company stock valued at $2,451,909. 0.40% of the stock is currently owned by corporate insiders.
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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