Keysight Technologies Inc. (NYSE:KEYS – Get Free Report) SVP John Page sold 15,000 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $213.48, for a total transaction of $3,202,200.00. Following the transaction, the senior vice president directly owned 21,393 shares in the company, valued at approximately $4,566,977.64. The trade was a 41.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
John Page also recently made the following trade(s):
- On Monday, December 1st, John Page sold 3,175 shares of Keysight Technologies stock. The stock was sold at an average price of $196.42, for a total value of $623,633.50.
Keysight Technologies Trading Up 0.7%
Shares of NYSE:KEYS opened at $214.29 on Friday. Keysight Technologies Inc. has a 12-month low of $121.43 and a 12-month high of $214.58. The business’s fifty day simple moving average is $181.33 and its 200-day simple moving average is $170.74. The company has a market capitalization of $36.83 billion, a PE ratio of 43.82, a P/E/G ratio of 2.26 and a beta of 1.19. The company has a current ratio of 2.35, a quick ratio of 1.78 and a debt-to-equity ratio of 0.43.
Keysight Technologies announced that its board has authorized a share repurchase plan on Monday, November 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Keysight Technologies from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Susquehanna raised their price objective on Keysight Technologies from $215.00 to $225.00 and gave the stock a “positive” rating in a research report on Tuesday, November 25th. Wall Street Zen raised Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. Wells Fargo & Company increased their price target on Keysight Technologies from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group boosted their price target on Keysight Technologies from $195.00 to $220.00 and gave the stock a “hold” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $217.09.
Read Our Latest Stock Analysis on KEYS
Institutional Trading of Keysight Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its holdings in shares of Keysight Technologies by 9.3% during the 3rd quarter. Allworth Financial LP now owns 2,965 shares of the scientific and technical instruments company’s stock valued at $519,000 after purchasing an additional 252 shares in the last quarter. Trust Investment Advisors raised its position in shares of Keysight Technologies by 7.8% in the third quarter. Trust Investment Advisors now owns 4,337 shares of the scientific and technical instruments company’s stock worth $759,000 after acquiring an additional 312 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of Keysight Technologies during the 3rd quarter worth about $4,153,000. Captrust Financial Advisors grew its position in shares of Keysight Technologies by 2.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,563 shares of the scientific and technical instruments company’s stock valued at $3,072,000 after acquiring an additional 425 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at about $18,990,000. 84.58% of the stock is owned by institutional investors and hedge funds.
About Keysight Technologies
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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