Mackenzie Financial Corp decreased its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 35.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,054,826 shares of the scientific and technical instruments company’s stock after selling 588,349 shares during the period. Mackenzie Financial Corp’s holdings in Keysight Technologies were worth $172,844,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in KEYS. True Wealth Design LLC raised its position in shares of Keysight Technologies by 358.3% in the 2nd quarter. True Wealth Design LLC now owns 165 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 129 shares during the period. Accent Capital Management LLC acquired a new position in Keysight Technologies during the 1st quarter valued at approximately $28,000. NewSquare Capital LLC increased its position in Keysight Technologies by 155.2% in the second quarter. NewSquare Capital LLC now owns 171 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 104 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Keysight Technologies during the second quarter worth about $34,000. Finally, Manchester Capital Management LLC increased its stake in shares of Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 108 shares during the period. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Price Performance
Shares of NYSE KEYS opened at $197.95 on Friday. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $201.50. The stock has a market capitalization of $34.02 billion, a price-to-earnings ratio of 63.04, a PEG 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. The business has a 50-day moving average of $175.35 and a 200-day moving average of $167.95.
Keysight Technologies declared that its Board of Directors has initiated a share buyback program on Monday, November 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Insider Buying and Selling at Keysight Technologies
In related news, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total value of $347,960.00. Following the transaction, the senior vice president directly owned 106,590 shares of the company’s stock, valued at $18,544,528.20. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.
Analyst Ratings Changes
KEYS has been the topic of several research reports. Bank of America boosted their price target on shares of Keysight Technologies from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Citigroup increased their price target on shares of Keysight Technologies from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen raised Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday. Barclays upped their target price on Keysight Technologies from $195.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Robert W. Baird set a $210.00 target price on shares of Keysight Technologies in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.82.
Check Out Our Latest Stock Analysis on KEYS
Keysight Technologies Profile
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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