Texas Capital Bank Wealth Management Services Inc acquired a new stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,150 shares of the scientific and technical instruments company’s stock, valued at approximately $843,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. acquired a new position in shares of Keysight Technologies in the third quarter valued at $35,000. Entrust Financial LLC acquired a new position in shares of Keysight Technologies in the fourth quarter valued at $45,000. Atlantic Union Bankshares Corp increased its holdings in shares of Keysight Technologies by 36.2% in the third quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 76 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Keysight Technologies by 497.7% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 214 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Keysight Technologies by 66.5% in the first quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock valued at $59,000 after purchasing an additional 157 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Price Performance
NYSE:KEYS opened at $339.08 on Friday. Keysight Technologies Inc. has a 52 week low of $152.85 and a 52 week high of $370.17. The firm has a market cap of $58.15 billion, a price-to-earnings ratio of 55.77, a P/E/G ratio of 2.17 and a beta of 1.26. The firm’s 50-day simple moving average is $326.52 and its 200 day simple moving average is $259.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90.
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, SVP Jeffrey K. Li sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $297.19, for a total value of $594,380.00. Following the transaction, the senior vice president directly owned 34,499 shares of the company’s stock, valued at $10,252,757.81. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald S. Nersesian sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $285.96, for a total transaction of $8,578,800.00. Following the completion of the transaction, the director directly owned 163,377 shares in the company, valued at approximately $46,719,286.92. This represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,334 shares of company stock valued at $10,753,450 in the last three months. 0.40% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have commented on KEYS. Morgan Stanley upped their price objective on shares of Keysight Technologies from $305.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. Citigroup raised their price target on shares of Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company raised their price target on shares of Keysight Technologies from $300.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Finally, UBS Group raised their price target on shares of Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $371.92.
Check Out Our Latest Stock Analysis on Keysight Technologies
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.
See Also
- Five stocks we like better than Keysight Technologies
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS – Free Report).
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
