Wealthfront Advisers LLC grew its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 56.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 24,718 shares of the scientific and technical instruments company’s stock after buying an additional 8,922 shares during the period. Wealthfront Advisers LLC’s holdings in Keysight Technologies were worth $6,980,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of KEYS. Twin Capital Management Inc. purchased a new position in shares of Keysight Technologies in the 1st quarter valued at approximately $1,582,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Keysight Technologies during the 1st quarter worth approximately $426,000. Ethos Financial Group LLC acquired a new position in Keysight Technologies during the 1st quarter valued at approximately $356,000. Sanctuary Advisors LLC increased its stake in Keysight Technologies by 16.5% during the 1st quarter. Sanctuary Advisors LLC now owns 9,375 shares of the scientific and technical instruments company’s stock valued at $2,647,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Checchi Capital Advisers LLC purchased a new position in shares of Keysight Technologies in the first quarter worth $309,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
Shares of NYSE KEYS opened at $315.70 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29. Keysight Technologies Inc. has a 12 month low of $152.85 and a 12 month high of $374.96. The company has a 50 day simple moving average of $340.35 and a two-hundred day simple moving average of $294.73. The stock has a market cap of $53.95 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 1.80 and a beta of 1.21.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Truist Financial upped their target price on Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 13th. Citigroup lifted their price target on Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $371.92.
Read Our Latest Report on Keysight Technologies
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 507 shares of Keysight Technologies stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the transaction, the chief executive officer owned 121,391 shares in the company, valued at approximately $43,860,996.12. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total value of $681,740.00. Following the completion of the transaction, the senior vice president directly owned 105,861 shares of the company’s stock, valued at approximately $36,084,839.07. This trade represents a 1.85% 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. Over the last three months, insiders have sold 5,507 shares of company stock valued at $1,904,669. 0.40% of the stock is owned by 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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