Charles Schwab Investment Management Inc. grew its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,050,083 shares of the scientific and technical instruments company’s stock after buying an additional 13,441 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Keysight Technologies were worth $172,067,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KEYS. Foyston Gordon & Payne Inc raised its stake in shares of Keysight Technologies by 11.5% in the first quarter. Foyston Gordon & Payne Inc now owns 59,851 shares of the scientific and technical instruments company’s stock worth $8,964,000 after purchasing an additional 6,186 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in shares of Keysight Technologies during the first quarter valued at $361,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Keysight Technologies by 46.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,590 shares of the scientific and technical instruments company’s stock worth $9,674,000 after buying an additional 20,631 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Keysight Technologies in the 2nd quarter worth about $621,000. Finally, Czech National Bank lifted its stake in Keysight Technologies by 6.4% during the 2nd quarter. Czech National Bank now owns 42,241 shares of the scientific and technical instruments company’s stock valued at $6,922,000 after acquiring an additional 2,527 shares during the period. Institutional investors own 84.58% of the company’s stock.
Keysight Technologies Trading Up 0.4%
NYSE:KEYS opened at $196.33 on Thursday. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $201.50. The business has a fifty day moving average price of $174.57 and a 200-day moving average price of $167.51. The firm has a market capitalization of $33.74 billion, a price-to-earnings ratio of 62.52, a price-to-earnings-growth ratio of 2.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94.
Keysight Technologies declared that its board has authorized a share 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 stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on KEYS shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keysight Technologies in a research note on Wednesday, November 19th. UBS Group set a $230.00 target price on shares of Keysight Technologies in a research note on Tuesday. Morgan Stanley raised their price target on Keysight Technologies from $180.00 to $208.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Keysight Technologies from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group increased their target price on Keysight Technologies from $180.00 to $195.00 and gave the company a “hold” rating in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $214.82.
View Our Latest Research Report on KEYS
Insider Transactions at Keysight Technologies
In related news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total value of $347,960.00. Following the completion of the sale, the senior vice president directly owned 106,590 shares of the company’s stock, valued at approximately $18,544,528.20. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.
About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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