Nykredit A S bought a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 85,937 shares of the scientific and technical instruments company’s stock, valued at approximately $30,084,000. Nykredit A S owned about 0.05% of Keysight Technologies at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Keysight Technologies during the 4th quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in shares of Keysight Technologies during the second quarter valued at approximately $28,000. IMG Wealth Management Inc. bought a new position in shares of Keysight Technologies during the second quarter valued at approximately $29,000. Cornerstone Planning Group LLC raised its position 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 during the period. Finally, Compass Financial Management LLC bought a new stake in shares of Keysight Technologies in the 2nd quarter worth approximately $34,000. 84.58% of the stock is currently owned by institutional investors.
Keysight Technologies Stock Performance
Shares of KEYS opened at $322.44 on Friday. Keysight Technologies Inc. has a 52-week low of $158.79 and a 52-week high of $374.96. The firm has a market capitalization of $55.10 billion, a PE ratio of 44.29, a P/E/G ratio of 1.65 and a beta of 1.21. The firm has a 50-day moving average price of $326.14 and a 200 day moving average price of $321.71. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.
Insider Buying and Selling at Keysight Technologies
In other news, CEO Satish Dhanasekaran sold 507 shares of Keysight Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer directly owned 121,391 shares in the company, valued at approximately $43,860,996.12. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid Estrada sold 2,000 shares of the business’s stock in a transaction 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 in the company, valued at $32,680,902.26. This represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 7,507 shares of company stock valued at $2,451,909. 0.40% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages have weighed in on KEYS. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group restated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. Morgan Stanley lifted 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. Wall Street Zen cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Susquehanna lifted their price target on Keysight Technologies from $425.00 to $440.00 and gave the company a “positive” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $392.83.
Check Out Our Latest Report on Keysight Technologies
About Keysight Technologies
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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