ExodusPoint Capital Management LP purchased a new stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 94,461 shares of the scientific and technical instruments company’s stock, valued at approximately $19,194,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Keysight Technologies in the 4th quarter valued at about $25,000. Optiver Holding B.V. acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $35,000. Entrust Financial LLC acquired a new stake in shares of Keysight Technologies in the 4th quarter valued at about $45,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Keysight Technologies by 497.7% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 214 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Keysight Technologies in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 84.58% of the company’s stock.
Keysight Technologies Stock Performance
Shares of KEYS opened at $351.21 on Wednesday. Keysight Technologies Inc. has a one year low of $152.85 and a one year high of $370.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51. The company has a market cap of $60.02 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.03 and a beta of 1.22. The firm has a 50-day moving average of $340.66 and a 200-day moving average of $274.40.
Wall Street Analyst Weigh In
KEYS has been the topic of several recent research reports. UBS Group lifted their price target on Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating on shares of Keysight Technologies in a report on Wednesday, May 20th. Zacks Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Bank of America raised Keysight Technologies from a “neutral” rating to a “buy” rating and set a $340.00 price target for the company in a research report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Keysight Technologies in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.92.
Get Our Latest Research Report on KEYS
Insiders Place Their Bets
In related news, CEO Satish Dhanasekaran sold 1,667 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $300.00, for a total transaction of $500,100.00. Following the transaction, the chief executive officer directly owned 122,398 shares of the company’s stock, valued at approximately $36,719,400. The trade was a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $298.37, for a total value of $596,740.00. Following the transaction, the chief financial officer directly owned 125,272 shares in the company, valued at $37,377,406.64. The trade was a 1.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,334 shares of company stock valued at $3,214,390 over the last 90 days. 0.40% of the stock is owned by insiders.
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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