Legal & General Group Plc grew its stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,273,424 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,839 shares during the period. Legal & General Group Plc’s holdings in Keysight Technologies were worth $222,747,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Optiver Holding B.V. purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at about $35,000. Westfuller Advisors LLC purchased a new stake in Keysight Technologies during the third quarter worth about $45,000. True Wealth Design LLC boosted its holdings in Keysight Technologies by 68.5% during the third quarter. True Wealth Design LLC now owns 278 shares of the scientific and technical instruments company’s stock worth $49,000 after buying an additional 113 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in Keysight Technologies by 36.2% during the third quarter. Atlantic Union Bankshares Corp now owns 286 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 76 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Keysight Technologies during the third quarter worth about $51,000. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
Keysight Technologies stock opened at $283.24 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 market capitalization of $48.58 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 2.21 and a beta of 1.12. The stock has a fifty day moving average of $240.60 and a two-hundred day moving average of $202.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.02 and a current ratio of 2.60.
Keysight Technologies announced that its board has approved a stock buyback program on Monday, November 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on KEYS shares. Robert W. Baird lifted their price target on shares of Keysight Technologies from $230.00 to $257.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Wall Street Zen upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Susquehanna reaffirmed a “positive” rating and issued a $300.00 price objective on shares of Keysight Technologies in a research note on Tuesday, February 24th. Jefferies Financial Group lifted their price objective on Keysight Technologies from $195.00 to $220.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $255.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and an average price target of $295.36.
Check Out Our Latest Stock Analysis on Keysight Technologies
Insider Activity
In other news, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $237.68, for a total transaction of $475,360.00. Following the completion of the sale, the senior vice president directly owned 107,861 shares in the company, valued at $25,636,402.48. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Neil Dougherty sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $203.72, for a total transaction of $203,720.00. Following the completion of the transaction, the chief financial officer directly owned 127,833 shares of the company’s stock, valued at approximately $26,042,138.76. This represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,889 shares of company stock worth $1,167,221. Company insiders own 0.40% of the company’s stock.
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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