Swedbank AB cut its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 48.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,603,291 shares of the scientific and technical instruments company’s stock after selling 1,501,506 shares during the period. Swedbank AB’s holdings in Keysight Technologies were worth $325,773,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in Keysight Technologies during the third quarter worth $35,000. Westfuller Advisors LLC bought a new stake in Keysight Technologies during the third quarter valued at $45,000. Atlantic Union Bankshares Corp grew its holdings in Keysight Technologies by 36.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 76 shares during the period. Root Financial Partners LLC acquired a new stake in Keysight Technologies during the 3rd quarter worth about $51,000. Finally, Atlantic Edge Private Wealth Management LLC raised its position in shares of Keysight Technologies by 497.7% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock worth $52,000 after acquiring an additional 214 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
Shares of KEYS opened at $355.82 on Wednesday. Keysight Technologies Inc. has a one year low of $145.51 and a one year high of $358.51. The company has a market cap of $61.02 billion, a PE ratio of 64.11, a P/E/G ratio of 2.56 and a beta of 1.26. The stock has a 50-day moving average of $305.30 and a 200-day moving average of $238.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.60 and a quick ratio of 2.02.
Insider Activity at Keysight Technologies
In other Keysight Technologies news, CFO Neil Dougherty sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $298.37, for a total transaction of $596,740.00. Following the completion of the sale, the chief financial officer owned 125,272 shares in the company, valued at approximately $37,377,406.64. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 1,667 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $300.00, for a total transaction of $500,100.00. Following the transaction, the chief executive officer owned 122,398 shares in the company, valued at approximately $36,719,400. The trade was a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,334 shares of company stock valued at $11,533,230 over the last three months. 0.40% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on KEYS shares. Susquehanna restated a “positive” rating and set a $300.00 target price on shares of Keysight Technologies in a research report on Tuesday, February 24th. Wall Street Zen upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. UBS Group boosted their price target on Keysight Technologies from $230.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $300.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Robert W. Baird lifted their price objective on shares of Keysight Technologies from $295.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $314.33.
Read Our Latest Analysis 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.
Further Reading
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