Hsbc Holdings PLC acquired a new stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 844,921 shares of the scientific and technical instruments company’s stock, valued at approximately $295,814,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KEYS. Fiduciary Financial Advisors purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at $28,000. IMG Wealth Management Inc. purchased a new position in Keysight Technologies in the second quarter valued at about $29,000. Compass Financial Management LLC acquired a new position in Keysight Technologies in the 2nd quarter worth about $34,000. Virtus Advisers LLC purchased a new stake in shares of Keysight Technologies during the 2nd quarter worth about $35,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Keysight Technologies by 36.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
NYSE KEYS opened at $320.54 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $331.33 and a 200 day simple moving average of $317.27. The company has a market cap of $54.78 billion, a P/E ratio of 44.03, a P/E/G ratio of 1.77 and a beta of 1.22. Keysight Technologies Inc. has a 1 year low of $158.79 and a 1 year high of $374.96.
Analysts Set New Price Targets
Several equities research analysts recently commented on KEYS shares. Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Morgan Stanley raised their price objective on shares of Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. UBS Group increased their price target on shares of Keysight Technologies from $420.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird raised their price target on shares of Keysight Technologies from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $392.83.
Read Our Latest Analysis on KEYS
Insiders Place Their Bets
In other news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $314.66, for a total value of $629,320.00. Following the completion of the sale, the senior vice president directly owned 103,861 shares of the company’s stock, valued at approximately $32,680,902.26. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jean Mcclung Nye sold 3,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $319.22, for a total transaction of $957,660.00. Following the completion of the sale, the director owned 35,752 shares in the company, valued at approximately $11,412,753.44. The trade was a 7.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 10,507 shares of company stock valued at $3,491,649. 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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