Mirova bought a new stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,820 shares of the scientific and technical instruments company’s stock, valued at approximately $1,718,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Keysight Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,423,838 shares of the scientific and technical instruments company’s stock valued at $3,747,458,000 after purchasing an additional 97,064 shares in the last quarter. State Street Corp increased its position in Keysight Technologies by 0.7% during the second quarter. State Street Corp now owns 7,973,742 shares of the scientific and technical instruments company’s stock worth $1,306,577,000 after purchasing an additional 55,358 shares during the last quarter. Boston Partners grew its holdings in shares of Keysight Technologies by 3.4% during the 3rd quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company’s stock worth $851,525,000 after purchasing an additional 160,728 shares during the period. Capital World Investors lifted its stake in Keysight Technologies by 1.6% during the 3rd quarter. Capital World Investors now owns 3,700,709 shares of the scientific and technical instruments company’s stock worth $647,328,000 after acquiring an additional 58,039 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Keysight Technologies by 8.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,021,463 shares of the scientific and technical instruments company’s stock worth $528,514,000 after buying an additional 237,563 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Price Performance
KEYS opened at $283.78 on Thursday. Keysight Technologies Inc. has a 52-week low of $121.43 and a 52-week high of $317.00. The company has a market cap of $48.67 billion, a P/E ratio of 51.13, a P/E/G ratio of 2.24 and a beta of 1.12. The company has a quick ratio of 2.02, a current ratio of 2.60 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $246.50 and a two-hundred day moving average of $205.76.
Keysight Technologies announced that its Board of Directors has initiated a share repurchase program on Monday, November 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of brokerages recently commented on KEYS. Bank of America upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 target price for the company in a research note on Tuesday, February 24th. Susquehanna restated a “positive” rating and issued a $300.00 price objective on shares of Keysight Technologies in a research note on Tuesday, February 24th. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Citigroup boosted their target price on Keysight Technologies from $220.00 to $282.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group upped their price objective on shares of Keysight Technologies from $243.00 to $322.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $295.36.
View Our Latest Stock Report on Keysight Technologies
Insider Activity at Keysight Technologies
In related news, SVP Jo Ann Juskie sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $304.42, for a total transaction of $304,420.00. Following the sale, the senior vice president owned 12,552 shares of the company’s stock, valued at $3,821,079.84. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sung Yoon sold 889 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $206.66, for a total value of $183,720.74. Following the sale, the senior vice president directly owned 16,953 shares of the company’s stock, valued at approximately $3,503,506.98. This represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,889 shares of company stock valued at $1,167,221 in the last ninety days. Company insiders own 0.40% of the company’s stock.
Keysight Technologies 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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