Tribune Investment Group LP acquired a new position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,240 shares of the scientific and technical instruments company’s stock, valued at approximately $3,935,000. Keysight Technologies accounts for 1.6% of Tribune Investment Group LP’s investment portfolio, making the stock its 20th biggest position.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Keysight Technologies in the 2nd quarter valued at $7,030,806,000. Price T Rowe Associates Inc. MD boosted its stake in Keysight Technologies by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,419,811 shares of the scientific and technical instruments company’s stock valued at $3,539,532,000 after acquiring an additional 85,693 shares in the last quarter. State Street Corp grew its holdings in Keysight Technologies by 2.5% in the fourth quarter. State Street Corp now owns 8,191,895 shares of the scientific and technical instruments company’s stock worth $1,664,511,000 after purchasing an additional 200,279 shares during the last quarter. Boston Partners grew its holdings in Keysight Technologies by 3.4% in the third quarter. Boston Partners now owns 4,870,268 shares of the scientific and technical instruments company’s stock worth $851,525,000 after purchasing an additional 160,728 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Keysight Technologies by 6.5% during the fourth quarter. Capital World Investors now owns 3,940,767 shares of the scientific and technical instruments company’s stock worth $800,732,000 after purchasing an additional 240,058 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Trading Up 0.3%
Shares of KEYS opened at $322.44 on Friday. Keysight Technologies Inc. has a 52-week low of $158.79 and a 52-week high of $374.96. The stock has a market cap of $55.10 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The firm’s fifty day moving average is $326.14 and its two-hundred day moving average is $321.71. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.
Insider Activity
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the transaction, the chief executive officer owned 121,391 shares of the company’s stock, valued at approximately $43,860,996.12. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $314.66, for a total value of $629,320.00. Following the completion of the sale, the senior vice president owned 103,861 shares of the company’s stock, valued at approximately $32,680,902.26. The trade was a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,507 shares of company stock worth $2,451,909 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.
Wall Street Analyst Weigh In
KEYS has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, August 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Keysight Technologies in a report on Wednesday, May 20th. Wells Fargo & Company raised their price objective on Keysight Technologies from $390.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, Barclays raised their price objective on shares of Keysight Technologies from $387.00 to $429.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $392.83.
View Our Latest Report on Keysight Technologies
About Keysight Technologies
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.
Read More
- Five stocks we like better than Keysight Technologies
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS – Free Report).
Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
