Convergence Investment Partners LLC purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,228 shares of the scientific and technical instruments company’s stock, valued at approximately $1,875,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Woodline Partners LP acquired a new stake in shares of Keysight Technologies in the third quarter valued at about $208,891,000. M&T Bank Corp grew its stake in shares of Keysight Technologies by 9,349.0% in the fourth quarter. M&T Bank Corp now owns 1,048,176 shares of the scientific and technical instruments company’s stock valued at $212,979,000 after buying an additional 1,037,083 shares in the last quarter. Man Group plc grew its stake in shares of Keysight Technologies by 164.3% in the second quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company’s stock valued at $165,564,000 after buying an additional 628,082 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Keysight Technologies by 2,004.8% in the second quarter. AQR Capital Management LLC now owns 572,836 shares of the scientific and technical instruments company’s stock valued at $93,865,000 after buying an additional 545,620 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Keysight Technologies in the third quarter valued at about $90,914,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Price Performance
Shares of NYSE KEYS opened at $349.52 on Friday. Keysight Technologies Inc. has a fifty-two week low of $152.85 and a fifty-two week high of $370.17. The business has a 50 day moving average price of $315.39 and a two-hundred day moving average price of $248.74. The company has a quick ratio of 2.02, a current ratio of 2.60 and a debt-to-equity ratio of 0.41. The firm has a market cap of $59.94 billion, a PE ratio of 62.98, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26.
Insider Activity at Keysight Technologies
In other Keysight Technologies news, CFO Neil Dougherty sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $298.37, for a total transaction of $596,740.00. Following the transaction, the chief financial officer owned 125,272 shares of the company’s stock, valued at $37,377,406.64. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $237.68, for a total value of $475,360.00. Following the transaction, the senior vice president directly owned 107,861 shares in the company, valued at approximately $25,636,402.48. This represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,334 shares of company stock worth $11,533,230 over the last quarter. 0.40% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Bank of America upgraded Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 target price for the company in a research note on Tuesday, February 24th. UBS Group increased their target price on Keysight Technologies from $230.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Zacks Research upgraded Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Susquehanna reiterated a “positive” rating and issued a $300.00 target price on shares of Keysight Technologies in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $322.83.
View Our Latest Stock Analysis on Keysight Technologies
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.
Further Reading
- Five stocks we like better than Keysight Technologies
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
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.
