Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,374 shares of the scientific and technical instruments company’s stock after selling 4,987 shares during the quarter. Handelsbanken Fonder AB’s holdings in Keysight Technologies were worth $13,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division raised its stake in shares of Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Venturi Wealth Management LLC raised its position in Keysight Technologies by 100.8% during the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 133 shares during the period. Sunbelt Securities Inc. grew its stake in Keysight Technologies by 241.8% in the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. Quarry LP grew its stake in Keysight Technologies by 188.1% in the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock valued at $70,000 after purchasing an additional 284 shares in the last quarter. Finally, Huntington National Bank grew its stake in Keysight Technologies by 37.4% in the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock valued at $127,000 after purchasing an additional 216 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Insider Transactions at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 658 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $103,819.24. Following the sale, the chief executive officer now owns 115,576 shares of the company’s stock, valued at approximately $18,235,581.28. This trade represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Page sold 7,368 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the sale, the senior vice president now directly owns 36,986 shares in the company, valued at $5,835,651.08. The trade was a 16.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,247 shares of company stock worth $2,086,720 in the last three months. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KEYS. Bank of America upped their price target on Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a research note on Thursday, May 22nd. Wells Fargo & Company increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Finally, Robert W. Baird increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $183.00.

Keysight Technologies Stock Down 0.7%

NYSE KEYS opened at $162.54 on Thursday. The firm has a market cap of $27.97 billion, a PE ratio of 46.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The stock’s 50 day simple moving average is $150.09 and its 200 day simple moving average is $159.75. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 EPS. As a group, sell-side analysts forecast that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

Keysight Technologies 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.