Hillsdale Investment Management Inc. cut its stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 98.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110 shares of the scientific and technical instruments company’s stock after selling 5,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Keysight Technologies were worth $31,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Quarry LP bought a new position in shares of Keysight Technologies in the fourth quarter worth $25,000. WPG Advisers LLC increased its holdings in Keysight Technologies by 16.5% in the 1st quarter. WPG Advisers LLC now owns 219 shares of the scientific and technical instruments company’s stock valued at $62,000 after buying an additional 31 shares during the period. Entrust Financial LLC bought a new stake in shares of Keysight Technologies during the 4th quarter worth approximately $45,000. DV Equities LLC bought a new position in Keysight Technologies in the fourth quarter valued at approximately $49,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its stake in Keysight Technologies by 497.7% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 257 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 214 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.
Keysight Technologies Price Performance
Keysight Technologies stock opened at $315.70 on Friday. The stock’s 50 day moving average is $340.35 and its 200 day moving average is $294.73. Keysight Technologies Inc. has a one year low of $152.85 and a one year high of $374.96. The firm has a market cap of $53.95 billion, a P/E ratio of 51.92, a P/E/G ratio of 1.80 and a beta of 1.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.90 and a quick ratio of 1.51.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on KEYS. Robert W. Baird raised their price objective on Keysight Technologies from $375.00 to $385.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Wells Fargo & Company increased their price objective on shares of Keysight Technologies from $300.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of Keysight Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. Finally, Truist Financial increased their target price on Keysight Technologies from $310.00 to $376.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.92.
Check Out Our Latest Research Report on KEYS
Insider Buying and Selling at Keysight Technologies
In other news, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were 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 approximately $36,084,839.07. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Cullen sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $346.58, for a total value of $1,039,740.00. Following the transaction, the director directly owned 21,821 shares in the company, valued at approximately $7,562,722.18. This trade represents a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 5,507 shares of company stock valued at $1,904,669. 0.40% of the stock is currently owned by company 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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