Short Interest in Keysight Technologies Inc. (KEYS) Increases By 75.3%
Keysight Technologies Inc. (NYSE:KEYS) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 2,018,987 shares, a growth of 75.3% from the October 14th total of 1,151,702 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 611,924 shares, the short-interest ratio is currently 3.3 days.
Separately, Deutsche Bank AG raised Keysight Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $25.00 to $33.00 in a research note on Monday, September 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.00.
Several large investors have recently added to or reduced their stakes in KEYS. Geode Capital Management LLC raised its stake in Keysight Technologies by 4.3% in the first quarter. Geode Capital Management LLC now owns 1,022,842 shares of the company’s stock valued at $28,373,000 after buying an additional 42,298 shares in the last quarter. Wellington Management Group LLP raised its stake in Keysight Technologies by 49.8% in the first quarter. Wellington Management Group LLP now owns 475,530 shares of the company’s stock valued at $13,191,000 after buying an additional 158,170 shares in the last quarter. Royal Bank of Canada raised its stake in Keysight Technologies by 6.0% in the first quarter. Royal Bank of Canada now owns 468,691 shares of the company’s stock valued at $13,001,000 after buying an additional 26,620 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Keysight Technologies by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 161,702 shares of the company’s stock valued at $4,486,000 after buying an additional 5,508 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Keysight Technologies during the first quarter valued at $3,175,000. Institutional investors own 87.99% of the company’s stock.
Shares of Keysight Technologies (NYSE:KEYS) opened at 35.13 on Wednesday. The company has a market cap of $5.97 billion, a P/E ratio of 11.61 and a beta of 1.06. Keysight Technologies has a 1-year low of $21.07 and a 1-year high of $35.32. The stock has a 50 day moving average price of $32.36 and a 200-day moving average price of $30.12.
About Keysight Technologies
Keysight Technologies, Inc (Keysight) is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic measurement instruments and systems and related software, software design tools, and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
Receive News & Stock Ratings for Keysight Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies Inc. and related stocks with our FREE daily email newsletter.