Fenimore Asset Management Inc lowered its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,043 shares of the scientific and technical instruments company’s stock after selling 13,279 shares during the quarter. Keysight Technologies accounts for about 3.7% of Fenimore Asset Management Inc’s holdings, making the stock its 7th largest position. Fenimore Asset Management Inc’s holdings in Keysight Technologies were worth $170,750,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Apella Capital LLC purchased a new stake in shares of Keysight Technologies in the third quarter valued at $205,000. Everhart Financial Group Inc. grew its holdings in shares of Keysight Technologies by 6.1% during the third quarter. Everhart Financial Group Inc. now owns 3,968 shares of the scientific and technical instruments company’s stock valued at $1,445,000 after buying an additional 228 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of Keysight Technologies during the third quarter valued at $321,000. Valeo Financial Advisors LLC raised its position in Keysight Technologies by 5.7% during the third quarter. Valeo Financial Advisors LLC now owns 1,461 shares of the scientific and technical instruments company’s stock valued at $532,000 after buying an additional 79 shares during the period. Finally, Quintet Private Bank Europe S.A. raised its position in Keysight Technologies by 26.9% during the third quarter. Quintet Private Bank Europe S.A. now owns 782 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Down 1.8%
KEYS traded down $6.93 during trading on Thursday, reaching $374.49. 1,992,703 shares of the stock traded hands, compared to its average volume of 1,404,910. The stock’s 50-day simple moving average is $339.14 and its two-hundred day simple moving average is $333.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62. Keysight Technologies Inc. has a fifty-two week low of $158.79 and a fifty-two week high of $389.93. The stock has a market cap of $63.75 billion, a price-to-earnings ratio of 51.44, a price-to-earnings-growth ratio of 1.22 and a beta of 1.17.
Insider Transactions at Keysight Technologies
In related news, VP Lisa Poole sold 200 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $348.01, for a total value of $69,602.00. Following the transaction, the vice president owned 6,134 shares in the company, valued at approximately $2,134,693.34. This represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Neil Dougherty sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $340.79, for a total transaction of $681,580.00. Following the transaction, the chief financial officer directly owned 123,390 shares in the company, valued at approximately $42,050,078.10. The trade was a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,200 shares of company stock valued at $4,082,752 in the last ninety days. 0.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on KEYS shares. Citigroup reissued a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, August 19th. Morgan Stanley upped their target price on Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Barclays increased their price target on shares of Keysight Technologies from $387.00 to $429.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Truist Financial raised their price target 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. Finally, Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $401.42.
Read Our Latest Stock Report on Keysight Technologies
Keysight Technologies Profile
Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for communications, aerospace and defense, automotive, semiconductor, energy, and other industries. Its products and services help engineers design, validate, manufacture, and optimize electronic systems and communications networks.
The company offers test and measurement instruments, software, network test and visibility solutions, simulation and modeling tools, cybersecurity testing capabilities, and related technical services.
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