Reinhart Partners LLC. trimmed its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 15.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,196 shares of the scientific and technical instruments company’s stock after selling 3,001 shares during the quarter. Reinhart Partners LLC.’s holdings in Keysight Technologies were worth $5,896,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Wedmont Private Capital boosted its holdings in shares of Keysight Technologies by 4.0% during the 3rd quarter. Wedmont Private Capital now owns 3,350 shares of the scientific and technical instruments company’s stock valued at $1,255,000 after acquiring an additional 129 shares during the last quarter. GAMMA Investing LLC lifted its position in Keysight Technologies by 28.9% during the third quarter. GAMMA Investing LLC now owns 10,037 shares of the scientific and technical instruments company’s stock valued at $3,654,000 after purchasing an additional 2,249 shares during the period. Bell Asset Management Ltd bought a new position in Keysight Technologies during the third quarter valued at approximately $3,567,000. Farther Finance Advisors LLC lifted its position in Keysight Technologies by 17.3% during the third quarter. Farther Finance Advisors LLC now owns 4,211 shares of the scientific and technical instruments company’s stock valued at $1,533,000 after purchasing an additional 620 shares during the period. Finally, Apella Capital LLC purchased a new stake in Keysight Technologies in the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Keysight Technologies Trading Up 2.0%
Shares of Keysight Technologies stock opened at $382.35 on Friday. Keysight Technologies Inc. has a 1-year low of $158.79 and a 1-year high of $389.93. The company’s fifty day simple moving average is $341.62 and its 200-day simple moving average is $334.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.62. The stock has a market capitalization of $65.09 billion, a PE ratio of 52.52, a P/E/G ratio of 1.18 and a beta of 1.17.
Insider Transactions at Keysight Technologies
In related news, SVP Ingrid Estrada sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $326.10, for a total transaction of $652,200.00. Following the completion of the transaction, the senior vice president directly owned 101,861 shares in the company, valued at approximately $33,216,872.10. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lisa Poole sold 200 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $348.01, for a total transaction of $69,602.00. Following the completion of the sale, the vice president directly owned 6,134 shares of the company’s stock, valued at $2,134,693.34. This represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,200 shares of company stock valued at $4,082,752. Company insiders own 0.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on KEYS. Weiss Ratings upgraded shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 20th. Wells Fargo & Company raised their price target on Keysight Technologies from $390.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Morgan Stanley upped their price objective on Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group increased their target price on Keysight Technologies from $452.00 to $487.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Susquehanna raised their target price on Keysight Technologies from $425.00 to $440.00 and gave the stock a “positive” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $401.42.
Keysight Technologies Company Profile
Keysight Technologies, Inc is a technology company that provides electronic design and test solutions for communications, aerospace and defense, automotive, semiconductor, energy, and other industries. Its products and services help engineers design, validate, manufacture, and optimize electronic systems and communications networks.
The company offers test and measurement instruments, software, network test and visibility solutions, simulation and modeling tools, cybersecurity testing capabilities, and related technical services.
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