First Trust Advisors LP boosted its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 26.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,156 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,906 shares during the period. First Trust Advisors LP’s holdings in Keysight Technologies were worth $15,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new stake in shares of Keysight Technologies during the 4th quarter worth approximately $1,123,000. Willis Investment Counsel lifted its stake in shares of Keysight Technologies by 5.7% in the 4th quarter. Willis Investment Counsel now owns 80,609 shares of the scientific and technical instruments company’s stock valued at $16,379,000 after purchasing an additional 4,333 shares during the period. Oak Harvest Investment Services purchased a new stake in Keysight Technologies during the fourth quarter worth $4,070,000. Guyasuta Investment Advisors Inc. purchased a new stake in Keysight Technologies during the fourth quarter worth $1,137,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Keysight Technologies by 21.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,986 shares of the scientific and technical instruments company’s stock valued at $6,296,000 after buying an additional 5,375 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.
Keysight Technologies Price Performance
Shares of NYSE KEYS opened at $296.83 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. The firm has a fifty day moving average of $334.44 and a 200 day moving average of $301.48. The firm has a market cap of $50.73 billion, a PE ratio of 48.82, a PEG ratio of 1.74 and a beta of 1.21. Keysight Technologies Inc. has a one year low of $152.85 and a one year high of $374.96.
Insider Buying and Selling
In related news, Director James Cullen sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the transaction, the director directly owned 21,821 shares of the company’s stock, valued at approximately $7,562,722.18. This trade represents a 12.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total value of $681,740.00. Following the completion of the sale, the senior vice president owned 105,861 shares in the company, valued at approximately $36,084,839.07. The trade was a 1.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,507 shares of company stock worth $1,904,669 in the last 90 days. Insiders own 0.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Robert W. Baird increased their target price on shares of Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. UBS Group raised their target price on Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. Finally, Citigroup upped their price target on Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.92.
View Our Latest Report on Keysight Technologies
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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