Iyo Bank Ltd. Has $4.62 Million Stock Position in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Iyo Bank Ltd. increased its stake in Keysight Technologies Inc. by 93.0% in Q1, now owning 30,855 shares valued at approximately $4.62 million, making it the bank's 25th largest holding.
• Insiders sold a total of 31,830 shares valued at over $5.12 million in the last 90 days, with CEO Satish Dhanasekaran and Director Richard P. Hamada selling a combined 2,247 shares.
• Keysight reported a Q1 EPS of $1.70, exceeding analyst expectations of $1.65, alongside year-over-year revenue growth of 7.4%.

Iyo Bank Ltd. increased its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 93.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,855 shares of the scientific and technical instruments company's stock after buying an additional 14,870 shares during the quarter. Keysight Technologies comprises approximately 1.5% of Iyo Bank Ltd.'s holdings, making the stock its 25th largest position. Iyo Bank Ltd.'s holdings in Keysight Technologies were worth $4,621,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in Keysight Technologies by 97.8% during the 1st 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 period. Accent Capital Management LLC acquired a new position in Keysight Technologies during the 1st quarter worth $28,000. Manchester Capital Management LLC boosted its position in Keysight Technologies by 85.0% during the 1st quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 108 shares during the period. Zions Bancorporation National Association UT acquired a new position in Keysight Technologies during the 1st quarter worth $36,000. Finally, Private Trust Co. NA lifted its holdings in shares of Keysight Technologies by 39.9% in the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after buying an additional 75 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the sale, the senior vice president owned 108,590 shares in the company, valued at approximately $17,262,552.30. This represents a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Neil Dougherty sold 12,215 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 115,228 shares of the company's stock, valued at approximately $18,966,528.80. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,830 shares of company stock worth $5,124,049. Insiders own 0.61% of the company's stock.

Keysight Technologies Trading Down 3.3%

Shares of NYSE KEYS traded down $5.62 during mid-day trading on Thursday, hitting $164.61. 841,749 shares of the company traded hands, compared to its average volume of 972,804. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $186.20. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.36 and a beta of 1.11. 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 business has a 50 day moving average of $163.15 and a two-hundred day moving average of $158.65.

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 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the company posted $1.41 EPS. Keysight Technologies's revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal 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.