Dimensional Fund Advisors LP decreased its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,409,620 shares of the scientific and technical instruments company’s stock after selling 15,219 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Keysight Technologies were worth $246,551,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of KEYS. Norges Bank purchased a new position in Keysight Technologies during the second quarter worth about $316,690,000. Allspring Global Investments Holdings LLC boosted its holdings in Keysight Technologies by 2,290.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,421,437 shares of the scientific and technical instruments company’s stock valued at $246,051,000 after purchasing an additional 1,361,969 shares during the last quarter. Man Group plc grew its stake in shares of Keysight Technologies by 164.3% in the 2nd quarter. Man Group plc now owns 1,010,399 shares of the scientific and technical instruments company’s stock valued at $165,564,000 after buying an additional 628,082 shares during the period. AQR Capital Management LLC grew its stake in shares of Keysight Technologies by 2,004.8% in the 2nd quarter. AQR Capital Management LLC now owns 572,836 shares of the scientific and technical instruments company’s stock valued at $93,865,000 after buying an additional 545,620 shares during the period. Finally, Boston Partners increased its holdings in shares of Keysight Technologies by 10.5% during the 2nd quarter. Boston Partners now owns 4,709,540 shares of the scientific and technical instruments company’s stock worth $771,359,000 after buying an additional 446,123 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
NYSE:KEYS opened at $271.87 on Friday. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $317.00. 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 company has a 50 day moving average price of $234.30 and a 200 day moving average price of $199.04. The stock has a market capitalization of $46.63 billion, a P/E ratio of 48.99, a PEG ratio of 2.12 and a beta of 1.12.
Keysight Technologies declared that its board has approved a stock buyback plan on Monday, November 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Insiders Place Their Bets
In related news, SVP Jo Ann Juskie sold 1,000 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $304.42, for a total value of $304,420.00. Following the sale, the senior vice president owned 12,552 shares in the company, valued at approximately $3,821,079.84. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $237.68, for a total value of $475,360.00. Following the transaction, the senior vice president directly owned 107,861 shares in the company, valued at approximately $25,636,402.48. The trade was a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,119 shares of company stock valued at $5,263,770. Insiders own 0.40% of the company’s stock.
Wall Street Analyst Weigh In
KEYS has been the topic of several analyst reports. Barclays lifted their price target on shares of Keysight Technologies from $232.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Citigroup raised their target price on Keysight Technologies from $220.00 to $282.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Wall Street Zen upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group raised their price objective on Keysight Technologies from $195.00 to $220.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $295.36.
Check Out Our Latest Stock Analysis on KEYS
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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