Tiemann Investment Advisors LLC bought a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 2,032 shares of the scientific and technical instruments company’s stock, valued at approximately $711,000.
Other hedge funds also recently modified their holdings of the company. Belpointe Asset Management LLC acquired a new position in shares of Keysight Technologies in the 4th quarter valued at approximately $1,123,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Keysight Technologies by 21.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,986 shares of the scientific and technical instruments company’s stock worth $6,296,000 after acquiring an additional 5,375 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Keysight Technologies during the 4th quarter worth approximately $1,123,000. Comerica Bank boosted its position in shares of Keysight Technologies by 57.2% during the 4th quarter. Comerica Bank now owns 52,506 shares of the scientific and technical instruments company’s stock worth $10,669,000 after acquiring an additional 19,104 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Keysight Technologies in the fourth quarter valued at approximately $9,739,000. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
KEYS stock opened at $359.87 on Tuesday. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 59.19, a P/E/G ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51. The company has a 50 day simple moving average of $333.92 and a 200 day simple moving average of $313.09. Keysight Technologies Inc. has a 1 year low of $152.85 and a 1 year high of $374.96.
Wall Street Analyst Weigh In
Several research analysts have commented on KEYS shares. Weiss Ratings downgraded shares of Keysight Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Citigroup boosted 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. Finally, JPMorgan Chase & Co. upped their price objective on Keysight Technologies from $360.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and an average price target of $371.92.
Check Out Our Latest Stock Report on Keysight Technologies
Insider Transactions at Keysight Technologies
In other news, CEO Satish Dhanasekaran sold 507 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the transaction, the chief executive officer directly owned 121,391 shares in the company, valued at approximately $43,860,996.12. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $340.87, for a total value of $681,740.00. Following the completion of the transaction, the senior vice president owned 105,861 shares of the company’s stock, valued at $36,084,839.07. The trade was a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,507 shares of company stock worth $1,904,669. Corporate insiders own 0.40% of the company’s stock.
Keysight Technologies 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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