Mitsubishi UFJ Trust & Banking Corp decreased its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,827 shares of the scientific and technical instruments company’s stock after selling 2,146 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Keysight Technologies were worth $13,782,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new position in shares of Keysight Technologies in the 3rd quarter valued at $35,000. Westfuller Advisors LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at $45,000. True Wealth Design LLC grew its position in shares of Keysight Technologies by 68.5% in the 3rd quarter. True Wealth Design LLC now owns 278 shares of the scientific and technical instruments company’s stock valued at $49,000 after buying an additional 113 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Keysight Technologies by 36.2% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 76 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
Shares of KEYS opened at $352.13 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.02 and a current ratio of 2.60. The stock has a market capitalization of $60.39 billion, a P/E ratio of 63.45, a P/E/G ratio of 2.55 and a beta of 1.15. The company’s fifty day moving average is $303.06 and its two-hundred day moving average is $236.01. Keysight Technologies Inc. has a 1 year low of $145.51 and a 1 year high of $353.52.
Insider Buying and Selling
In other Keysight Technologies news, SVP Jeffrey K. Li sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $297.19, for a total value of $594,380.00. Following the transaction, the senior vice president directly owned 34,499 shares of the company’s stock, valued at approximately $10,252,757.81. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Neil Dougherty sold 2,000 shares of the company’s stock in a transaction 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 directly owned 125,272 shares in the company, valued at approximately $37,377,406.64. This trade represents a 1.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,334 shares of company stock worth $11,533,230 in the last ninety days. Insiders own 0.40% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Keysight Technologies from $300.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Susquehanna reaffirmed a “positive” rating and issued a $300.00 target price on shares of Keysight Technologies in a report on Tuesday, February 24th. Zacks Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Keysight Technologies from $225.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Finally, Morgan Stanley lifted their target price on shares of Keysight Technologies from $227.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and a consensus target price of $314.33.
Check Out 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.
See Also
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