J. Safra Sarasin Holding AG Has $12.16 Million Position in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Keysight Technologies by 9.2%, selling 8,182 shares and holding a total of 81,205 shares valued at $12.16 million at the end of the last quarter.
• Several institutional investors, including Central Pacific Bank Trust Division and Private Trust Co. NA, have significantly increased their holdings in Keysight Technologies, with Central Pacific raising its stake by 97.8%.
• Analysts have upgraded their price targets for Keysight Technologies, with Morgan Stanley raising it from $156 to $180, and JPMorgan Chase increasing it to $200, reflecting a positive outlook on the company.

J. Safra Sarasin Holding AG trimmed its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,205 shares of the scientific and technical instruments company's stock after selling 8,182 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Keysight Technologies were worth $12,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC raised its stake in Keysight Technologies by 364.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after acquiring an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Keysight Technologies by 29.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock worth $2,588,546,000 after acquiring an additional 3,621,349 shares in the last quarter. Victory Capital Management Inc. raised its stake in Keysight Technologies by 1,224.5% during the first quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock worth $298,324,000 after acquiring an additional 1,841,494 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Keysight Technologies by 343.6% during the fourth quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock worth $161,946,000 after acquiring an additional 780,893 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Keysight Technologies by 36,268.6% during the first quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock worth $112,424,000 after acquiring an additional 748,583 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded up $2.97 during midday trading on Monday, reaching $161.65. The company's stock had a trading volume of 1,028,588 shares, compared to its average volume of 776,454. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a market capitalization of $27.82 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The business's fifty day simple moving average is $162.44 and its 200-day simple moving average is $158.86.

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

Insiders Place Their Bets

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $103,819.24. Following the transaction, the chief executive officer owned 115,576 shares in the company, valued at approximately $18,235,581.28. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president owned 36,986 shares in the company, valued at approximately $5,835,651.08. This trade represents a 16.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,830 shares of company stock valued at $5,124,049 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KEYS shares. Morgan Stanley increased their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Bank of America upgraded Keysight Technologies from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $170.00 to $175.00 in a research note on Monday, July 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $187.50.

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.