Keysight Technologies Inc. $KEYS Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd has reduced its holdings in Keysight Technologies Inc. by 28.9%, now owning 9,917 shares worth approximately $1.49 million.
• For the first quarter, Keysight reported an earnings per share (EPS) of $1.70, surpassing estimates and marking a 7.4% revenue increase year-over-year.
• Analysts have upgraded Keysight's stock, with price targets ranging from $175.00 to $200.00, reflecting a consensus rating of "Moderate Buy" for the stock.

Gulf International Bank UK Ltd lessened its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 28.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,917 shares of the scientific and technical instruments company's stock after selling 4,028 shares during the period. Gulf International Bank UK Ltd's holdings in Keysight Technologies were worth $1,485,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Kovitz Investment Group Partners LLC increased its stake in Keysight Technologies by 364.6% in 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 buying an additional 3,650,953 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Keysight Technologies by 29.0% during the 4th 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 purchasing an additional 3,621,349 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Keysight Technologies by 1,224.5% during the 1st 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 during the period. Point72 Asset Management L.P. lifted its stake in Keysight Technologies by 343.6% in the 4th quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock valued at $161,946,000 after purchasing an additional 780,893 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Keysight Technologies by 36,268.6% in the 1st quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after acquiring an additional 748,583 shares during the period. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Down 0.3%

KEYS stock traded down $0.5210 during mid-day trading on Tuesday, reaching $163.9090. 1,537,608 shares of the stock traded hands, compared to its average volume of 979,525. The stock has a market capitalization of $28.21 billion, a PE ratio of 38.48, a PEG ratio of 2.31 and a beta of 1.11. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $186.20. 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 business has a 50-day moving average price of $163.23 and a two-hundred day moving average price of $158.38.

Keysight Technologies (NYSE:KEYS - Get Free Report) last released its quarterly earnings data 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. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts expect that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Activity

In other Keysight Technologies 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 value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction on Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the transaction, the chief financial officer owned 115,228 shares in the company, valued at approximately $18,966,528.80. This represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,830 shares of company stock worth $5,124,049. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $170.00 to $175.00 in a report on Monday, July 21st. Finally, Morgan Stanley increased their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and an average target price of $187.50.

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.