Oppenheimer Asset Management Inc. bought a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 34,042 shares of the scientific and technical instruments company’s stock, valued at approximately $11,917,000.
Other hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in Keysight Technologies in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC increased its stake in 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 buying an additional 30 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in Keysight Technologies during the 1st quarter worth approximately $44,000. Entrust Financial LLC acquired a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $45,000. Finally, DV Equities LLC acquired a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Trading Up 1.2%
KEYS opened at $358.15 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51. The company’s 50 day simple moving average is $333.35 and its two-hundred day simple moving average is $311.41. Keysight Technologies Inc. has a 1-year low of $152.85 and a 1-year high of $374.96. The firm has a market capitalization of $61.21 billion, a price-to-earnings ratio of 58.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on KEYS shares. UBS Group raised their target price on Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Citigroup boosted their price target on Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Morgan Stanley raised their price objective on Keysight Technologies from $305.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Finally, Wells Fargo & Company lifted their target price on shares of Keysight Technologies from $300.00 to $390.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. One investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $371.92.
Get Our Latest Stock Report on Keysight Technologies
Insider Buying and Selling
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total value of $681,740.00. Following the completion of the sale, the senior vice president directly owned 105,861 shares in the company, valued at $36,084,839.07. This represents a 1.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the completion of the sale, the director owned 21,821 shares of the company’s stock, valued at approximately $7,562,722.18. The trade was a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,507 shares of company stock worth $1,904,669. 0.40% of the stock is owned by corporate insiders.
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.
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