DekaBank Increases Stake in Keysight Technologies to $14.31 Million

DekaBank Deutsche Girozentrale has increased its investment in Keysight Technologies Inc. (NYSE: KEYS) by 0.5% during the second quarter of 2023, according to a recent filing with the Securities and Exchange Commission. The institutional investor now holds 86,618 shares of the scientific and technical instruments company, valued at approximately $14.31 million. This follows the purchase of an additional 425 shares during the quarter.

Other institutional investors have also adjusted their positions in Keysight Technologies. Foyston Gordon & Payne Inc. raised its stake by 11.5% in the first quarter, acquiring 59,851 shares now valued at $8.96 million after purchasing an additional 6,186 shares. Similarly, GAMMA Investing LLC significantly increased its holdings by 142.8%, now owning 5,012 shares worth $751,000 after buying 2,948 shares in the same quarter.

Allspring Global Investments Holdings LLC and Wealth Enhancement Advisory Services LLC also expanded their stakes, with increases of 3.2% and 19.8%, respectively. Allspring now holds 52,174 shares valued at $7.83 million, while Wealth Enhancement Advisory Services has 12,730 shares worth $1.91 million following their recent purchases. Additionally, Ground Swell Capital LLC entered a new position in the company with a valuation of approximately $361,000.

Institutional investors and hedge funds collectively own 84.58% of Keysight Technologies’ stock, indicating strong institutional interest in the company.

Current Stock Performance and Analyst Ratings

As of the latest trading session, shares of Keysight Technologies opened at $168.58. The stock has a 50-day moving average of $168.59 and a 200-day moving average of $160.77. Over the past year, the stock has fluctuated between a low of $121.43 and a high of $186.20. The company’s market capitalization stands at $28.97 billion, with a price-to-earnings (P/E) ratio of 53.69 and a beta of 1.18.

Equity analysts have offered varied insights regarding Keysight Technologies. Weiss Ratings maintained a “hold (c)” rating, while Morgan Stanley reiterated an “equal weight” rating with a price target of $180.00. Bank of America raised its price target from $175.00 to $179.00 and retains a “neutral” rating. In contrast, JPMorgan Chase & Co. increased its price target to $200.00 with an “overweight” rating. Barclays adjusted its price target downwards, from $200.00 to $195.00, while still maintaining an “overweight” rating.

Currently, six investment analysts have rated Keysight Technologies with a Buy recommendation, while three have issued a Hold rating. According to data from MarketBeat, the stock holds an average rating of “Moderate Buy” with an average price target of $187.38.

Insider Activity and Company Overview

In related news, on September 17, 2023, Senior Vice President Ingrid A. Estrada sold 2,000 shares of Keysight Technologies at an average price of $173.98, totaling approximately $347,960. Following this transaction, Estrada retained 106,590 shares valued at around $18.54 million, marking a 1.84% decrease in her ownership.

Currently, insiders hold 0.61% of the company’s stock, reflecting a modest level of insider ownership.

Keysight Technologies, Inc. specializes in providing electronic design and test solutions for a wide range of industries, including commercial communications, aerospace, automotive, and education. The company operates through two primary segments: the Communications Solutions Group and the Electronic Industrial Solutions Group.

For more information on recent insider trades and institutional holdings, investors can refer to the latest 13F filings and transactions through various financial news platforms.