M&R Capital Management Inc. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 87.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599 shares of the scientific and technical instruments company’s stock after selling 4,261 shares during the period. M&R Capital Management Inc.’s holdings in Keysight Technologies were worth $85,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Freedman Financial Associates Inc. bought a new position in Keysight Technologies during the fourth quarter valued at about $28,000. Fieldpoint Private Securities LLC bought a new position in Keysight Technologies during the fourth quarter valued at about $31,000. Assetmark Inc. bought a new position in Keysight Technologies during the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd bought a new position in Keysight Technologies during the fourth quarter valued at about $40,000. Finally, Vantage Consulting Group Inc bought a new position in Keysight Technologies during the fourth quarter valued at about $41,000. Institutional investors own 84.88% of the company’s stock.
Shares of KEYS opened at $143.95 on Thursday. Keysight Technologies, Inc. has a 12-month low of $88.30 and a 12-month high of $155.50. The company has a quick ratio of 2.42, a current ratio of 3.12 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $26.77 billion, a price-to-earnings ratio of 43.49, a P/E/G ratio of 2.79 and a beta of 1.04. The stock’s 50-day moving average price is $139.71 and its 200 day moving average price is $127.33.
KEYS has been the topic of several recent research reports. Barclays raised their target price on Keysight Technologies from $135.00 to $161.00 and gave the company an “overweight” rating in a report on Thursday, January 14th. UBS Group lifted their price objective on Keysight Technologies from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 15th. JPMorgan Chase & Co. lifted their price objective on Keysight Technologies from $135.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 5th. Citigroup lifted their price objective on Keysight Technologies from $130.00 to $175.00 in a research note on Friday, January 22nd. Finally, Credit Suisse Group lifted their price objective on Keysight Technologies from $125.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Keysight Technologies has a consensus rating of “Buy” and an average price target of $149.09.
In other Keysight Technologies news, COO Satish Dhanasekaran sold 2,490 shares of Keysight Technologies stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $142.18, for a total transaction of $354,028.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.
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 instruments; 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; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.
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