Jennison Associates LLC trimmed its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 796,930 shares of the scientific and technical instruments company’s stock after selling 14,037 shares during the quarter. Jennison Associates LLC’s holdings in Keysight Technologies were worth $225,029,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Keysight Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,525,694 shares of the scientific and technical instruments company’s stock worth $4,373,806,000 after purchasing an additional 101,856 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Keysight Technologies by 0.5% during the fourth 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 purchasing an additional 85,693 shares during the period. State Street Corp grew its stake in Keysight Technologies by 2.5% during the fourth 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 buying an additional 200,279 shares in the last quarter. Boston Partners grew its stake 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 worth $851,525,000 after buying an additional 160,728 shares in the last quarter. Finally, Capital World Investors grew its stake 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 worth $800,732,000 after buying an additional 240,058 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
Keysight Technologies stock opened at $315.70 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.29. The stock has a market cap of $53.95 billion, a PE ratio of 51.92, a P/E/G ratio of 1.80 and a beta of 1.21. Keysight Technologies Inc. has a 12-month low of $152.85 and a 12-month high of $374.96. The business’s 50-day moving average price is $340.35 and its two-hundred day moving average price is $294.73.
Analysts Set New Price Targets
KEYS has been the subject of several analyst reports. Susquehanna boosted their target price on shares of Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $360.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Weiss Ratings raised shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. UBS Group boosted their price objective on shares of Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Robert W. Baird upped their target price on Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $371.92.
Get Our Latest Research Report on Keysight Technologies
Insider Activity at Keysight Technologies
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total value of $681,740.00. Following the sale, the senior vice president owned 105,861 shares in the company, valued at $36,084,839.07. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the sale, the chief executive officer directly owned 121,391 shares in the company, valued at approximately $43,860,996.12. The trade was 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 sold a total of 5,507 shares of company stock valued at $1,904,669 in the last quarter. Insiders own 0.40% of the company’s stock.
About Keysight Technologies
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.
Featured Articles
- Five stocks we like better than Keysight Technologies
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
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.
