Hahn Capital Management LLC cut its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 10.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,955 shares of the scientific and technical instruments company’s stock after selling 6,596 shares during the quarter. Keysight Technologies comprises about 3.9% of Hahn Capital Management LLC’s holdings, making the stock its 14th biggest holding. Hahn Capital Management LLC’s holdings in Keysight Technologies were worth $8,081,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of the stock. eCIO Inc. purchased a new position in shares of Keysight Technologies during the first quarter valued at about $147,000. Modern Wealth Management LLC bought a new stake in Keysight Technologies during the 1st quarter valued at approximately $260,000. Advisors Capital Management LLC purchased a new position in shares of Keysight Technologies during the 1st quarter worth approximately $325,000. Acadian Asset Management LLC bought a new position in shares of Keysight Technologies in the 1st quarter worth approximately $1,297,000. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 worth $59,000 after acquiring an additional 157 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Price Performance
Shares of NYSE:KEYS opened at $172.43 on Friday. The business has a fifty day moving average price of $164.49 and a 200-day moving average price of $157.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The company has a market capitalization of $29.63 billion, a PE ratio of 54.91, a PEG ratio of 2.38 and a beta of 1.16. Keysight Technologies Inc. has a 1-year low of $121.43 and a 1-year high of $186.20.
Insider Buying and Selling
In related news, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the sale, the senior vice president directly owned 108,590 shares of the company’s stock, valued at $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the sale, the chief financial officer directly owned 115,228 shares in the company, valued at approximately $18,966,528.80. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on KEYS shares. Bank of America lifted their price target on Keysight Technologies from $175.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of Keysight Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Barclays decreased their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.38.
Check Out Our Latest Report on KEYS
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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