Keeler Thomas Management LLC Sells 7,821 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Keeler Thomas Management LLC has reduced its stake in Keysight Technologies by 39.3%, selling 7,821 shares and now holding 12,102 shares worth approximately $1.81 million.
• Insider selling is prominent, with SVP John Page and Director Richard P. Hamada selling a combined 8,957 shares, leading to decreases in their ownership positions of 16.61% and 3.63%, respectively.
• Keysight Technologies recently received upgrades in price targets from several brokerages, with JPMorgan Chase raising its target from $177.00 to $200.00 and an overall consensus rating of "Moderate Buy" established.

Keeler Thomas Management LLC lessened its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 39.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,102 shares of the scientific and technical instruments company's stock after selling 7,821 shares during the quarter. Keeler Thomas Management LLC's holdings in Keysight Technologies were worth $1,813,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its holdings in Keysight Technologies by 478.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 7,744 shares of the scientific and technical instruments company's stock worth $1,160,000 after acquiring an additional 6,405 shares during the period. Charles Schwab Investment Management Inc. grew its position in Keysight Technologies by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,036,642 shares of the scientific and technical instruments company's stock worth $155,258,000 after purchasing an additional 20,967 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in Keysight Technologies in the 1st quarter worth $7,454,000. Vanguard Group Inc. grew its position in Keysight Technologies by 0.5% in the 1st 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 purchasing an additional 95,876 shares during the last quarter. Finally, Empower Advisory Group LLC acquired a new stake in Keysight Technologies in the 1st quarter worth $211,000. Institutional investors own 84.58% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at Keysight Technologies

In other news, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president owned 108,590 shares in the company, valued at $17,262,552.30. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,010,589.00. Following the completion of the transaction, the chief financial officer owned 115,228 shares of the company's stock, valued at $18,966,528.80. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,830 shares of company stock valued at $5,124,049. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Trading Up 2.3%

Shares of KEYS traded up $3.73 on Friday, reaching $164.98. 715,553 shares of the company's stock were exchanged, compared to its average volume of 775,944. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $28.39 billion, a P/E ratio of 38.73, a price-to-earnings-growth ratio of 2.28 and a beta of 1.11. The business has a 50 day moving average price of $162.68 and a two-hundred day moving average price of $158.82. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $186.20.

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 for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. Research analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current 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.