Danica Pension Livsforsikringsaktieselskab lessened its position in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 47.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,289 shares of the scientific and technical instruments company’s stock after selling 46,493 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Keysight Technologies were worth $14,482,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Quarry LP purchased a new position in shares of Keysight Technologies in the fourth quarter worth about $25,000. Cornerstone Planning Group LLC boosted its position in Keysight Technologies by 36.1% in the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 30 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in Keysight Technologies in the first quarter valued at approximately $44,000. Entrust Financial LLC acquired a new position in Keysight Technologies in the 4th quarter worth approximately $45,000. Finally, DV Equities LLC purchased a new position in Keysight Technologies during the 4th quarter worth approximately $49,000. 84.58% of the stock is owned by institutional investors and hedge funds.
Keysight Technologies Trading Up 4.5%
Shares of NYSE:KEYS opened at $328.12 on Wednesday. Keysight Technologies Inc. has a 12-month low of $152.85 and a 12-month high of $374.96. The company has a market capitalization of $56.08 billion, a PE ratio of 53.97, a PEG ratio of 1.79 and a beta of 1.21. The business has a 50 day moving average of $338.63 and a two-hundred day moving average of $296.99. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29.
Insider Activity at Keysight Technologies
In other Keysight Technologies news, Director James Cullen sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the completion of the transaction, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Satish Dhanasekaran sold 507 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the transaction, the chief executive officer owned 121,391 shares of the company’s stock, valued at approximately $43,860,996.12. This trade represents a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 5,507 shares of company stock worth $1,904,669. 0.40% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Barclays raised their target price on shares of Keysight Technologies from $320.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. UBS Group boosted their target price on shares of Keysight Technologies from $340.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Susquehanna upped their price target on shares of Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.92.
Get Our Latest Analysis on Keysight Technologies
Keysight Technologies Company 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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