Carmignac Gestion lessened its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 95.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the scientific and technical instruments company’s stock after selling 203,000 shares during the period. Carmignac Gestion’s holdings in Keysight Technologies were worth $2,824,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Keysight Technologies in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC grew its holdings in Keysight Technologies by 36.1% during the first quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 30 shares during the period. Oslo Pensjonsforsikring AS bought a new position in Keysight Technologies during the first quarter worth about $44,000. Entrust Financial LLC acquired a new position in Keysight Technologies during the fourth quarter worth approximately $45,000. Finally, DV Equities LLC acquired a new position in Keysight Technologies during the fourth quarter worth approximately $49,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Trading Up 0.3%
Shares of NYSE:KEYS opened at $319.96 on Monday. Keysight Technologies Inc. has a 12-month low of $152.85 and a 12-month high of $374.96. The business has a 50 day moving average of $333.40 and a 200-day moving average of $303.00. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.29. The stock has a market cap of $54.68 billion, a PE ratio of 52.63, a P/E/G ratio of 1.82 and a beta of 1.22.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Keysight Technologies from $305.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company increased their price target on Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Susquehanna raised their price target on Keysight Technologies from $415.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their price target on Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and an average target price of $371.92.
View Our Latest Stock Report on KEYS
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $340.87, for a total transaction of $681,740.00. Following the transaction, the senior vice president owned 105,861 shares in the company, valued at $36,084,839.07. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satish Dhanasekaran sold 507 shares of Keysight Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $361.32, for a total value of $183,189.24. Following the sale, the chief executive officer directly owned 121,391 shares of the company’s stock, valued at $43,860,996.12. This represents a 0.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,507 shares of company stock valued at $1,904,669 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Keysight Technologies
- 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
- AbbVie Quietly Solved Its Biggest Problem—Now What?
- Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
- Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
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.
