Raiffeisen Bank International AG Sells 2,781 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Raiffeisen Bank International AG reduced its stake in Keysight Technologies by 1.3%, selling 2,781 shares, and now owns a total of 213,071 shares valued at approximately $32 million.
• Insider transactions included CFO Neil Dougherty selling 12,215 shares valued at over $2 million, indicating a 9.58% decrease in his ownership stake.
• Analysts are optimistic about Keysight Technologies, with JPMorgan Chase & Co. raising their target price from $177 to $200, reflecting a strong consensus rating of "Moderate Buy" for the stock.

Raiffeisen Bank International AG trimmed its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 213,071 shares of the scientific and technical instruments company's stock after selling 2,781 shares during the quarter. Raiffeisen Bank International AG owned 0.12% of Keysight Technologies worth $32,031,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in Keysight Technologies by 29.0% in 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 acquiring an additional 3,621,349 shares during the last quarter. 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 worth $747,301,000 after acquiring an additional 3,650,953 shares during the last quarter. Capital World Investors increased its stake in Keysight Technologies by 15.6% in the 4th quarter. Capital World Investors now owns 3,790,432 shares of the scientific and technical instruments company's stock worth $608,857,000 after acquiring an additional 511,724 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Keysight Technologies by 9.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,593,611 shares of the scientific and technical instruments company's stock worth $416,612,000 after acquiring an additional 214,015 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Keysight Technologies by 2.1% in the 4th quarter. Invesco Ltd. now owns 2,220,050 shares of the scientific and technical instruments company's stock worth $356,607,000 after acquiring an additional 45,867 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 12,215 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the sale, the chief financial officer directly owned 115,228 shares in the company, valued at $18,966,528.80. This represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Satish Dhanasekaran sold 658 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the sale, the chief executive officer owned 115,576 shares of the company's stock, valued at $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,830 shares of company stock worth $5,124,049 over the last three months. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $158.63 on Friday. 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 firm has a market capitalization of $27.30 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. The business's 50-day moving average price is $162.41 and its 200-day moving average price is $158.93. Keysight Technologies Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. Keysight Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 EPS. Sell-side analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Bank of America upgraded 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 research note on Monday, July 21st. Finally, Morgan Stanley upped their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $187.50.

About Keysight Technologies

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.

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