Truist Financial Corp Boosts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Truist Financial Corp raised its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,451 shares of the scientific and technical instruments company’s stock after buying an additional 1,401 shares during the quarter. Truist Financial Corp’s holdings in Keysight Technologies were worth $2,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KEYS. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $28,000. Erste Asset Management GmbH bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $29,000. Goodman Advisory Group LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $35,000. Versant Capital Management Inc raised its position in Keysight Technologies by 79.4% during the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 158 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Keysight Technologies during the 3rd quarter valued at approximately $57,000. 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 on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the transaction, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This represents a 13.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,118 shares of company stock worth $5,411,891. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their price target on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird upped their target price on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Bank of America upped their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.22.

Keysight Technologies Stock Performance

Shares of KEYS opened at $171.99 on Wednesday. The business’s fifty day simple moving average is $169.93 and its two-hundred day simple moving average is $160.95. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a market cap of $29.74 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 2.41 and a beta of 1.02.

Keysight Technologies Company Profile

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.