Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 619,281 shares of the scientific and technical instruments company’s stock after selling 42,362 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.35% of Keysight Technologies worth $100,001,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in KEYS. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Keysight Technologies by 0.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 13,421 shares of the scientific and technical instruments company’s stock valued at $2,296,000 after acquiring an additional 57 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Keysight Technologies by 2.5% during the fourth quarter. Allworth Financial LP now owns 2,443 shares of the scientific and technical instruments company’s stock valued at $418,000 after purchasing an additional 60 shares during the period. Kentucky Retirement Systems grew its holdings in shares of Keysight Technologies by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 14,148 shares of the scientific and technical instruments company’s stock worth $2,420,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Keysight Technologies by 34.1% in the fourth quarter. Private Trust Co. NA now owns 248 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 63 shares during the period. Finally, Glenview Trust Co raised its holdings in Keysight Technologies by 3.8% during the 4th quarter. Glenview Trust Co now owns 1,791 shares of the scientific and technical instruments company’s stock valued at $306,000 after buying an additional 65 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.
Keysight Technologies Stock Down 1.2 %
Shares of NYSE:KEYS opened at $167.01 on Friday. The company has a current ratio of 3.35, a quick ratio of 2.68 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $160.35 and a two-hundred day simple moving average of $163.26. Keysight Technologies, Inc. has a 12-month low of $139.52 and a 12-month high of $189.45. The stock has a market capitalization of $29.79 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.74 and a beta of 1.05.
Insider Transactions at Keysight Technologies
In other news, Director Kevin A. Stephens purchased 420 shares of Keysight Technologies stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $157.45 per share, with a total value of $66,129.00. Following the completion of the transaction, the director now directly owns 5,589 shares of the company’s stock, valued at $879,988.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Keysight Technologies news, SVP Kailash Narayanan sold 500 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $165.00, for a total transaction of $82,500.00. Following the transaction, the senior vice president now owns 26,169 shares in the company, valued at approximately $4,317,885. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin A. Stephens purchased 420 shares of Keysight Technologies stock in a transaction dated Friday, May 19th. The stock was bought at an average price of $157.45 per share, with a total value of $66,129.00. Following the completion of the purchase, the director now directly owns 5,589 shares of the company’s stock, valued at $879,988.05. The disclosure for this purchase can be found here. Insiders own 0.51% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on KEYS. StockNews.com initiated coverage on shares of Keysight Technologies in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Citigroup initiated coverage on Keysight Technologies in a report on Thursday, June 29th. They set a “buy” rating and a $200.00 price target on the stock. Morgan Stanley dropped their target price on shares of Keysight Technologies from $184.00 to $180.00 in a research report on Monday, April 24th. VNET Group reissued an “initiates” rating on shares of Keysight Technologies in a research note on Friday, June 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Keysight Technologies from $218.00 to $205.00 and set an “overweight” rating for the company in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.67.
About Keysight Technologies
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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
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