Insider Selling: Keysight Technologies Inc. (NYSE:KEYS) CFO Sells 12,215 Shares of Stock

Keysight Technologies Inc. (NYSE:KEYS) CFO Neil Dougherty sold 12,215 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the transaction, the chief financial officer directly owned 115,228 shares in the company, valued at approximately $18,966,528.80. This represents a 9.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Keysight Technologies Stock Down 4.3%

Keysight Technologies stock opened at $158.39 on Friday. The business has a fifty day moving average of $158.68 and a two-hundred day moving average of $158.86. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The firm has a market cap of $27.26 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.25 and a beta of 1.09. Keysight Technologies Inc. has a twelve month low of $119.72 and a twelve month high of $186.20.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. Keysight Technologies’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. On average, analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Institutional Trading of Keysight Technologies

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Keysight Technologies by 0.5% during the first quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company’s stock worth $3,140,604,000 after buying an additional 95,876 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Keysight Technologies by 16.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,790,100 shares of the scientific and technical instruments company’s stock valued at $2,814,195,000 after purchasing an additional 2,675,148 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Keysight Technologies by 364.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company’s stock valued at $747,301,000 after purchasing an additional 3,650,953 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Keysight Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock valued at $708,349,000 after purchasing an additional 17,213 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Keysight Technologies by 7.7% during the 1st quarter. Boston Partners now owns 4,263,417 shares of the scientific and technical instruments company’s stock valued at $636,854,000 after purchasing an additional 305,143 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KEYS shares. Bank of America upped their target price on Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a research note on Thursday, May 22nd. Morgan Stanley upped their target price on Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $172.00 to $177.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and an average target price of $183.00.

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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.