Geneva Capital Management LLC raised its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 0.7% during the third quarter, HoldingsChannel reports. The firm owned 283,477 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,850 shares during the period. Geneva Capital Management LLC’s holdings in Keysight Technologies were worth $49,586,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Paradiem LLC purchased a new stake in shares of Keysight Technologies during the third quarter valued at about $979,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Keysight Technologies in the 2nd quarter worth approximately $621,000. National Pension Service grew its position in shares of Keysight Technologies by 2.4% in the 3rd quarter. National Pension Service now owns 291,237 shares of the scientific and technical instruments company’s stock worth $50,943,000 after buying an additional 6,957 shares during the last quarter. Madison Asset Management LLC raised its stake in shares of Keysight Technologies by 7.6% during the 3rd quarter. Madison Asset Management LLC now owns 571,222 shares of the scientific and technical instruments company’s stock worth $99,918,000 after acquiring an additional 40,153 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Keysight Technologies by 3.1% during the second quarter. JPMorgan Chase & Co. now owns 1,107,655 shares of the scientific and technical instruments company’s stock valued at $181,507,000 after acquiring an additional 33,768 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Trading Up 1.1%
NYSE:KEYS opened at $285.21 on Wednesday. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $317.00. The firm has a fifty day simple moving average of $237.38 and a 200-day simple moving average of $201.01. The company has a current ratio of 2.60, a quick ratio of 2.02 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $48.91 billion, a P/E ratio of 51.39, a PEG ratio of 2.19 and a beta of 1.12.
Keysight Technologies announced that its board has authorized a share buyback program on Monday, November 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Insider Transactions at Keysight Technologies
In other news, SVP Sung Yoon sold 889 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $206.66, for a total value of $183,720.74. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Neil Dougherty sold 1,000 shares of Keysight Technologies stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $203.72, for a total value of $203,720.00. Following the sale, the chief financial officer directly owned 127,833 shares of the company’s stock, valued at $26,042,138.76. This trade represents a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,889 shares of company stock valued at $1,167,221 over the last three months. Company insiders own 0.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on KEYS shares. Jefferies Financial Group raised their target price on shares of Keysight Technologies from $195.00 to $220.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Bank of America raised Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Tuesday, February 24th. JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $255.00 to $300.00 and gave the stock an “overweight” rating 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. Finally, The Goldman Sachs Group increased their price target on Keysight Technologies from $243.00 to $322.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. One research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.36.
View Our Latest Report on KEYS
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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