Securian Asset Management Inc. cut its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 43.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,673 shares of the scientific and technical instruments company’s stock after selling 3,541 shares during the period. Securian Asset Management Inc.’s holdings in Keysight Technologies were worth $950,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KEYS. Bryn Mawr Trust Advisors LLC lifted its position in shares of Keysight Technologies by 5.3% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 18,945 shares of the scientific and technical instruments company’s stock worth $3,849,000 after purchasing an additional 958 shares during the period. NewEdge Wealth LLC acquired a new stake in shares of Keysight Technologies during the fourth quarter worth $815,000. Drucker Wealth 3.0 LLC acquired a new stake in shares of Keysight Technologies during the fourth quarter worth $249,000. Chesapeake Capital Corp IL bought a new position in Keysight Technologies during the fourth quarter worth $518,000. Finally, Ethic Inc. raised its stake in Keysight Technologies by 29.7% during the fourth quarter. Ethic Inc. now owns 17,391 shares of the scientific and technical instruments company’s stock worth $3,534,000 after buying an additional 3,979 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Price Performance
KEYS stock opened at $360.86 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.60 and a quick ratio of 2.02. The company’s 50-day moving average is $313.22 and its 200-day moving average is $246.68. The stock has a market capitalization of $61.89 billion, a PE ratio of 65.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. Keysight Technologies Inc. has a 1 year low of $152.85 and a 1 year high of $370.17.
Insider Buying and Selling
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $237.68, for a total transaction of $475,360.00. Following the completion of the sale, the senior vice president owned 107,861 shares in the company, valued at approximately $25,636,402.48. The trade was a 1.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald S. Nersesian sold 30,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $285.96, for a total transaction of $8,578,800.00. Following the transaction, the director owned 163,377 shares in the company, valued at approximately $46,719,286.92. The trade was a 15.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,334 shares of company stock worth $11,533,230 over the last quarter. Corporate insiders own 0.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on KEYS shares. Wall Street Zen raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. UBS Group lifted their price objective on Keysight Technologies from $230.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Morgan Stanley boosted their price objective on Keysight Technologies from $227.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Barclays raised their target price on Keysight Technologies from $232.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Finally, Citigroup lifted their target price on Keysight Technologies from $282.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. 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.com, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $314.33.
Check Out Our Latest Report on KEYS
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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