DekaBank Increases Stake in Keysight Technologies to $14.31 Million

DekaBank Deutsche Girozentrale has raised its investment in Keysight Technologies Inc. (NYSE: KEYS) by 0.5%, bringing its total holdings to $14.31 million as of the end of the second quarter. The institutional investor now owns 86,618 shares of the scientific and technical instruments company, having acquired an additional 425 shares during this period. This adjustment reflects a growing confidence in Keysight Technologies, which operates in multiple sectors including communications, aerospace, and automotive industries.

Other institutional investors are also increasing their stakes in Keysight. Foyston Gordon & Payne Inc. reported an 11.5% rise in its holdings during the first quarter, now owning 59,851 shares valued at approximately $8.96 million after purchasing an additional 6,186 shares. Similarly, GAMMA Investing LLC has significantly boosted its stake by 142.8%, now holding 5,012 shares worth $751,000 after acquiring 2,948 shares.

Allspring Global Investments also increased its position by 3.2%, bringing its total to 52,174 shares valued at around $7.83 million. Wealth Enhancement Advisory Services LLC has raised its holdings by 19.8%, now owning 12,730 shares worth approximately $1.91 million. Additionally, Ground Swell Capital LLC entered a new investment in Keysight valued at about $361,000. Overall, institutional investors and hedge funds collectively own 84.58% of Keysight Technologies.

Performance and Analyst Ratings

As of September 29, 2023, Keysight Technologies shares were trading at $168.58. The company’s stock has shown resilience, with a 50-day moving average of $168.59 and a 200-day moving average of $160.77. Over the past year, Keysight has seen a low of $121.43 and a high of $186.20. The company’s market capitalization stands at approximately $28.97 billion, with a price-to-earnings (P/E) ratio of 53.69 and a beta of 1.18, indicating its volatility compared to the market.

Analysts have mixed but generally positive outlooks on Keysight Technologies. Weiss Ratings maintained a “hold (c)” rating on the stock, while Morgan Stanley issued an “equal weight” rating with a price target of $180.00. Bank of America has adjusted its target from $175.00 to $179.00, maintaining a “neutral” stance. In contrast, JPMorgan Chase & Co. increased its price target from $177.00 to $200.00, assigning an “overweight” rating. Barclays reduced its target from $200.00 to $195.00 but continues to endorse an “overweight” rating for the stock. Currently, six analysts rate the stock as a “Buy,” while three suggest holding.

Insider Transactions

In related news, Keysight Technologies’ Senior Vice President, Ingrid A. Estrada, sold 2,000 shares on September 17, 2023, at an average price of $173.98, totaling $347,960. Following this transaction, Estrada retains ownership of 106,590 shares valued at approximately $18.54 million. This sale represents a 1.84% decrease in her ownership, indicating ongoing activity among company insiders.

Keysight Technologies, headquartered in the United States, provides electronic design and test solutions across a variety of sectors, including commercial communications and government. With a robust presence in the Americas, Europe, and the Asia Pacific, the company is well-positioned for continued growth in its field.

For further insights and updates on Keysight Technologies, interested parties can access detailed investment filings and insider transactions through financial news platforms.