UniSuper Management Pty Ltd decreased its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 11.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 275,864 shares of the scientific and technical instruments company’s stock after selling 34,506 shares during the period. UniSuper Management Pty Ltd’s holdings in Keysight Technologies were worth $56,053,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Keysight Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,525,694 shares of the scientific and technical instruments company’s stock valued at $4,373,806,000 after buying an additional 101,856 shares in the last quarter. Boston Partners raised its position in shares of Keysight Technologies by 3.4% in the 3rd quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company’s stock valued at $851,525,000 after buying an additional 160,728 shares in the last quarter. Capital World Investors raised its position in shares of Keysight Technologies by 6.5% in the 4th quarter. Capital World Investors now owns 3,940,767 shares of the scientific and technical instruments company’s stock valued at $800,732,000 after buying an additional 240,058 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Keysight Technologies by 8.5% in the 3rd quarter. Victory Capital Management Inc. now owns 3,021,463 shares of the scientific and technical instruments company’s stock valued at $528,514,000 after buying an additional 237,563 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Keysight Technologies in the 4th quarter valued at approximately $435,542,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Up 4.8%
Shares of KEYS opened at $339.69 on Friday. The stock’s 50-day moving average price is $336.96 and its two-hundred day moving average price is $270.96. Keysight Technologies Inc. has a 12 month low of $152.85 and a 12 month high of $370.17. The company has a market capitalization of $58.05 billion, a PE ratio of 55.87, a PEG ratio of 1.85 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29.
Insider Transactions at Keysight Technologies
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 1,667 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $300.00, for a total value of $500,100.00. Following the sale, the chief executive officer owned 122,398 shares in the company, valued at approximately $36,719,400. The trade was a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Cullen sold 3,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $7,562,722.18. This trade represents a 12.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 40,334 shares of company stock worth $11,793,190. 0.40% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of Keysight Technologies from $320.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Truist Financial boosted their target price on shares of Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. 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 report on Tuesday, February 24th. Robert W. Baird boosted their target price on shares of Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Finally, Susquehanna lifted their price target on shares of Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $371.92.
Get Our Latest Research Report on Keysight Technologies
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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