Pictet Asset Management SA Grows Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Posted by on Aug 21st, 2023

Pictet Asset Management SA lifted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,771 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,785 shares during the quarter. Pictet Asset Management SA owned about 0.05% of Keysight Technologies worth $14,981,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KEYS. Hanson & Doremus Investment Management purchased a new position in Keysight Technologies in the first quarter worth $27,000. Raleigh Capital Management Inc. boosted its stake in Keysight Technologies by 227.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 177 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 123 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Keysight Technologies in the 4th quarter worth about $32,000. Trifecta Capital Advisors LLC acquired a new stake in Keysight Technologies in the 1st quarter worth about $32,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Keysight Technologies in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Soon Chai Gooi sold 29,139 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $161.95, for a total transaction of $4,719,061.05. Following the sale, the senior vice president now directly owns 227,874 shares in the company, valued at approximately $36,904,194.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Kailash Narayanan sold 500 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $165.00, for a total value of $82,500.00. Following the completion of the transaction, the senior vice president now owns 26,169 shares in the company, valued at approximately $4,317,885. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Soon Chai Gooi sold 29,139 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $161.95, for a total value of $4,719,061.05. Following the completion of the transaction, the senior vice president now owns 227,874 shares of the company’s stock, valued at approximately $36,904,194.30. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KEYS shares. VNET Group restated an “initiates” rating on shares of Keysight Technologies in a report on Friday, June 30th. Barclays downgraded Keysight Technologies from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $204.00 to $144.00 in a report on Friday. StockNews.com started coverage on Keysight Technologies in a report on Thursday. They issued a “buy” rating on the stock. Morgan Stanley cut their price objective on Keysight Technologies from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Citigroup cut their price objective on Keysight Technologies from $200.00 to $174.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and an average target price of $174.91.

View Our Latest Research Report on Keysight Technologies

Keysight Technologies Price Performance

KEYS stock opened at $129.37 on Monday. The company has a quick ratio of 2.93, a current ratio of 3.66 and a debt-to-equity ratio of 0.37. Keysight Technologies, Inc. has a 52-week low of $125.89 and a 52-week high of $189.45. The stock’s 50 day moving average is $162.54 and its two-hundred day moving average is $160.27. The company has a market capitalization of $23.08 billion, a PE ratio of 20.53, a P/E/G ratio of 2.26 and a beta of 1.05.

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. 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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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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