Keysight Technologies Inc. $KEYS Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Keysight Technologies by 9.3%, selling 4,000 shares during the first quarter, resulting in a total holding of 38,815 shares valued at approximately $5.81 million.
• Analysts have upgraded Keysight Technologies with a target price increase; JPMorgan Chase & Co. raised its price target from $177.00 to $200.00, indicating a strong outlook as a majority of analysts rated the stock as a "Moderate Buy."
• Insiders at Keysight Technologies have sold a combined total of 31,830 shares valued at over $5 million in recent transactions, revealing a decrease in their ownership of the stock.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,815 shares of the scientific and technical instruments company's stock after selling 4,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Keysight Technologies were worth $5,813,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KEYS. Central Pacific Bank Trust Division boosted its position 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 acquired a new stake in Keysight Technologies during the first quarter worth approximately $28,000. Manchester Capital Management LLC boosted its position in Keysight Technologies by 85.0% during the first 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 last quarter. Zions Bancorporation National Association UT acquired a new stake in Keysight Technologies during the first quarter worth approximately $36,000. Finally, Private Trust Co. NA boosted its position in 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 acquiring an additional 75 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Trading Down 0.3%

Shares of KEYS traded down $0.5210 during mid-day trading on Tuesday, reaching $163.9090. The company had a trading volume of 1,537,608 shares, compared to its average volume of 979,525. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 2.31 and a beta of 1.11. The firm has a fifty day simple moving average of $163.23 and a 200-day simple moving average of $158.38. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $186.20. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. On average, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Keysight Technologies

In related news, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction 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 transaction, the senior vice president 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the transaction, the director owned 42,160 shares in the company, valued at $6,829,920. The trade was a 3.63% 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 worth $5,124,049. Corporate insiders own 0.61% of the company's stock.

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.