Ascent Group LLC acquired a new position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,381 shares of the scientific and technical instruments company's stock, valued at approximately $1,491,000.
A number of other institutional investors have also added to or reduced their stakes in KEYS. Benjamin Edwards Inc. lifted its stake in Keysight Technologies by 5,597.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,464 shares of the scientific and technical instruments company's stock worth $1,186,000 after purchasing an additional 7,333 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Keysight Technologies during the third quarter worth about $29,000. Verition Fund Management LLC lifted its stake in shares of Keysight Technologies by 106.0% in the third quarter. Verition Fund Management LLC now owns 39,738 shares of the scientific and technical instruments company's stock worth $6,316,000 after buying an additional 20,448 shares in the last quarter. Captrust Financial Advisors lifted its position in Keysight Technologies by 27.6% during the third quarter. Captrust Financial Advisors now owns 6,940 shares of the scientific and technical instruments company's stock valued at $1,103,000 after purchasing an additional 1,502 shares during the period. Finally, Vinva Investment Management Ltd bought a new position in Keysight Technologies during the third quarter valued at approximately $1,179,000. 84.58% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Keysight Technologies news, CEO Satish Dhanasekaran sold 17,822 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares of the company's stock, valued at approximately $19,779,302.12. This trade represents a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Page sold 3,884 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $658,959.44. Following the completion of the transaction, the senior vice president now owns 37,081 shares of the company's stock, valued at approximately $6,291,162.46. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,651 shares of company stock worth $3,844,690. Company insiders own 0.60% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Keysight Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd. Bank of America raised their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.30.
Read Our Latest Stock Analysis on KEYS
Keysight Technologies Stock Up 0.8 %
Shares of KEYS traded up $1.29 during mid-day trading on Wednesday, hitting $172.29. 880,568 shares of the company's stock were exchanged, compared to its average volume of 1,212,299. The company has a market cap of $29.90 billion, a price-to-earnings ratio of 49.23, a P/E/G ratio of 2.20 and a beta of 1.00. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $175.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock's 50-day moving average is $159.57 and its 200-day moving average is $147.38.
Keysight Technologies Profile
(
Free Report)
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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