Deutsche Bank AG Trims Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Deutsche Bank AG reduced its stake in Keysight Technologies Inc. by 6.7%, now owning 809,196 shares valued at approximately $121.19 million.
• Wall Street analysts have assigned a consensus rating of "Moderate Buy" for Keysight Technologies, with an average price target of $187.50, reflecting several upgrades from major firms.
• Insiders, including the CEO, have sold shares recently, with sales totaling over $5 million in the past three months, indicating potential shifts in confidence among company leadership.

Deutsche Bank AG trimmed its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,196 shares of the scientific and technical instruments company's stock after selling 58,501 shares during the period. Deutsche Bank AG owned 0.47% of Keysight Technologies worth $121,193,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KEYS. Central Pacific Bank Trust Division increased its stake in Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Accent Capital Management LLC purchased a new position in Keysight Technologies in the first quarter valued at $28,000. Manchester Capital Management LLC boosted its stake in Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 108 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Keysight Technologies by 39.9% during the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock worth $39,000 after buying an additional 75 shares during the period. Finally, Sunbelt Securities Inc. lifted its position 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 during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of recent research reports. Morgan Stanley raised their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $170.00 to $175.00 in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $187.50.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of Keysight Technologies stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the transaction, the chief executive officer owned 115,576 shares of the company's stock, valued at approximately $18,235,581.28. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the transaction, the senior vice president directly owned 108,590 shares in the company, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,830 shares of company stock worth $5,124,049 over the last ninety days. Company insiders own 0.61% of the company's stock.

Keysight Technologies Stock Up 2.3%

Keysight Technologies stock opened at $164.98 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The firm has a market cap of $28.39 billion, a PE ratio of 38.73, a P/E/G ratio of 2.33 and a beta of 1.11. Keysight Technologies Inc. has a twelve month low of $121.43 and a twelve month high of $186.20. The firm's 50 day moving average price is $162.68 and its two-hundred day moving average price is $158.72.

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

Keysight Technologies Company 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.

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.