Handelsbanken Fonder AB Lowers Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Handelsbanken Fonder AB trimmed its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,374 shares of the scientific and technical instruments company's stock after selling 4,987 shares during the period. Handelsbanken Fonder AB owned about 0.05% of Keysight Technologies worth $13,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in Keysight Technologies by 3.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock valued at $314,000 after buying an additional 61 shares during the period. Signaturefd LLC lifted its position in shares of Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock worth $387,000 after purchasing an additional 66 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of Keysight Technologies by 5.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company's stock worth $262,000 after purchasing an additional 79 shares during the period. Parallel Advisors LLC lifted its position in shares of Keysight Technologies by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 2,159 shares of the scientific and technical instruments company's stock worth $347,000 after purchasing an additional 89 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in shares of Keysight Technologies by 97.8% in 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 purchasing an additional 90 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 658 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the sale, the chief executive officer now directly owns 115,576 shares of the company's stock, valued at approximately $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. This trade represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,247 shares of company stock worth $2,086,720. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KEYS shares. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Bank of America upped their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company upped their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley upped their price target 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. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Keysight Technologies Stock Down 2.4%

NYSE:KEYS traded down $3.82 during midday trading on Friday, reaching $158.18. 628,056 shares of the stock traded hands, compared to its average volume of 1,120,134. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The business has a 50-day moving average of $151.34 and a two-hundred day moving average of $159.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a market capitalization of $27.22 billion, a PE ratio of 45.19, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued 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 analysts' consensus estimates of $1.65 by $0.05. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.41 EPS. Keysight Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Keysight Technologies, Inc. will post 6.32 earnings per share for the current fiscal year.

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.