Jupiter Topco LLC bought a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 927,278 shares of the scientific and technical instruments company’s stock, valued at approximately $324,535,000. Jupiter Topco LLC owned approximately 0.54% of Keysight Technologies as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP purchased a new position in shares of Keysight Technologies in the 2nd quarter worth $2,316,000. Findlay Park Partners LLP bought a new position in Keysight Technologies in the second quarter valued at about $157,137,000. Oppenheimer Asset Management Inc. purchased a new position in Keysight Technologies in the second quarter worth about $11,917,000. Comerica Bank boosted its position in Keysight Technologies by 57.2% in the fourth quarter. Comerica Bank now owns 52,506 shares of the scientific and technical instruments company’s stock worth $10,669,000 after purchasing an additional 19,104 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Keysight Technologies during the 4th quarter valued at about $9,739,000. 84.58% of the stock is currently owned by institutional investors.
Keysight Technologies Price Performance
NYSE:KEYS opened at $320.54 on Wednesday. The business’s 50-day simple moving average is $331.33 and its two-hundred day simple moving average is $317.27. 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 $54.78 billion, a PE ratio of 44.03, a P/E/G ratio of 1.77 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on KEYS. Morgan Stanley increased their price objective on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Weiss Ratings raised shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. Citigroup reiterated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Keysight Technologies from $390.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $392.83.
View Our Latest Report on Keysight Technologies
Insider Activity at Keysight Technologies
In related news, 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 transaction of $629,320.00. Following the completion of the transaction, the senior vice president owned 103,861 shares in the company, valued at approximately $32,680,902.26. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total transaction of $1,039,740.00. Following the completion of the sale, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. The trade was a 12.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,507 shares of company stock worth $3,491,649. 0.40% of the stock is currently owned by corporate 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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