Bryn Mawr Trust Advisors LLC purchased a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,058 shares of the scientific and technical instruments company’s stock, valued at approximately $6,672,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Keysight Technologies by 92.6% in the first quarter. AQR Capital Management LLC now owns 27,216 shares of the scientific and technical instruments company’s stock valued at $3,965,000 after purchasing an additional 13,085 shares during the period. Integrated Wealth Concepts LLC raised its stake in Keysight Technologies by 5.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,581 shares of the scientific and technical instruments company’s stock worth $387,000 after purchasing an additional 122 shares during the period. Empowered Funds LLC raised its stake in Keysight Technologies by 30.0% during the first quarter. Empowered Funds LLC now owns 10,652 shares of the scientific and technical instruments company’s stock worth $1,595,000 after purchasing an additional 2,461 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Keysight Technologies by 66.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock valued at $59,000 after purchasing an additional 157 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Keysight Technologies in the 2nd quarter valued at about $254,000. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Up 1.2%
Keysight Technologies stock opened at $358.15 on Friday. The company has a market capitalization of $61.21 billion, a PE ratio of 58.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.51 and a current ratio of 1.90. Keysight Technologies Inc. has a fifty-two week low of $152.85 and a fifty-two week high of $374.96. The firm has a 50 day moving average price of $333.35 and a 200 day moving average price of $311.41.
Insider Activity at Keysight Technologies
In related news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total transaction of $681,740.00. Following the completion of the transaction, the senior vice president directly owned 105,861 shares in the company, valued at $36,084,839.07. This trade represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satish Dhanasekaran sold 507 shares of Keysight Technologies stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the completion of the transaction, the chief executive officer directly owned 121,391 shares of the company’s stock, valued at approximately $43,860,996.12. This represents a 0.42% 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. In the last 90 days, insiders have sold 5,507 shares of company stock worth $1,904,669. 0.40% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts have recently issued reports on KEYS shares. JPMorgan Chase & Co. raised their price target on shares of Keysight Technologies from $360.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. Morgan Stanley upped their price target on Keysight Technologies from $305.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. Finally, UBS Group increased their price target on Keysight Technologies from $340.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. One research 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 company’s stock. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.
Read Our Latest Stock 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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