RMR Wealth Builders Boosts Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

by · The Markets Daily

RMR Wealth Builders raised its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,593 shares of the scientific and technical instruments company’s stock after acquiring an additional 70 shares during the period. RMR Wealth Builders’ holdings in Keysight Technologies were worth $417,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KEYS. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies during the second quarter valued at about $27,000. Truvestments Capital LLC purchased a new stake in shares of Keysight Technologies during the third quarter worth about $28,000. Erste Asset Management GmbH purchased a new stake in shares of Keysight Technologies during the third quarter worth about $29,000. American National Bank & Trust purchased a new stake in shares of Keysight Technologies during the third quarter worth about $31,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Keysight Technologies during the third quarter worth about $35,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the sale, the chief executive officer now owns 116,582 shares in the company, valued at $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the sale, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,063 shares of company stock valued at $5,573,941. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $161.30 on Friday. 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 50 day simple moving average of $164.11 and a two-hundred day simple moving average of $151.91. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 46.09, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird increased 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. Bank of America increased 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. Susquehanna reiterated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. Morgan Stanley increased their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, StockNews.com downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.80.

Check Out Our Latest Report on KEYS

About Keysight Technologies

(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.

Further Reading

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