ICICI Prudential Asset Management Co Ltd Acquires New Position in Keysight Technologies, Inc. (NYSE:KEYS)
From MarketBeat:
ICICI Prudential Asset Management Co Ltd acquired 30,300 shares of Keysight Technologies, Inc. valued at approximately $4,009,000. Other institutional investors have also recently modified their holdings of KEYS, including Focused Wealth Management Inc, OFI Invest Asset Management, Quarry LP, VitalStone Financial LLC, and Vestor Capital LLC. Institutional investors own 81.72% of the company’s stock. Several analysts have weighed in on the stock, with a consensus rating of “Moderate Buy” and an average price target of $171.18.
Keysight Technologies stock traded up $1.26 during trading on Friday, reaching $153.63. The company has a market capitalization of $26.89 billion and a price-to-earnings ratio of 25.95. Keysight Technologies last reported earnings of $1.99 per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.12. Equities research analysts forecast that Keysight Technologies, Inc. will post 6.37 EPS for the current year.
In insider activity, Director Ronald S. Nersesian sold 29,672 shares of the stock at an average price of $159.82, while SVP Soon Chai Gooi sold 14,900 shares at an average price of $148.03. Several other sales of company stock have taken place and insiders now own 0.51% of the company’s stock. The company provides electronic design and test solutions to various industries in the Americas, Europe, and the Asia Pacific.
To receive the latest 13F filings and insider trades for Keysight Technologies, Inc., visit HoldingsChannel.com. This news alert was generated by narrative science technology and financial data from MarketBeat for the fastest and most accurate reporting. Contact MarketBeat’s editorial team with questions or comments at [email protected]. For further information on Wall Street’s top-rated research analysts and the stocks they recommend, including the “Moderate Buy” rating on Keysight Technologies, visit MarketBeat for the five stocks analysts think are better investments than KEYS.
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