Skandinaviska Enskilda Banken AB publ Has $44.08 Million Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Skandinaviska Enskilda Banken AB publ reduced its stake in Keysight Technologies Inc. by 3.0%, now holding about 294,340 shares valued at $44.08 million.
• Keysight Technologies reported $1.70 earnings per share for the recent quarter, exceeding estimates, and achieved a revenue of $1.32 billion, up 7.4% year-over-year.
• Several analysts have upgraded their ratings and target prices for Keysight Technologies, with a consensus target price now set at $187.50 and a rating of "Moderate Buy."

Skandinaviska Enskilda Banken AB publ lessened its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,340 shares of the scientific and technical instruments company's stock after selling 9,199 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.17% of Keysight Technologies worth $44,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division increased its position in 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 valued at $27,000 after acquiring an additional 90 shares in the last quarter. Private Trust Co. NA increased its position in Keysight Technologies by 39.9% in the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after acquiring an additional 75 shares in the last quarter. Sunbelt Securities Inc. increased its position in Keysight Technologies by 241.8% in the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after acquiring an additional 191 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Keysight Technologies in the 1st quarter valued at about $51,000. Finally, Quarry LP boosted its stake in shares of Keysight Technologies by 188.1% in the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock valued at $70,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Stock Down 1.3%

Keysight Technologies stock opened at $165.77 on Friday. The company's 50 day simple moving average is $162.11 and its 200 day simple moving average is $158.92. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The firm has a market capitalization of $28.53 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75.

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 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 analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $1.41 EPS. Keysight Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Buying and Selling at Keysight Technologies

In related news, SVP John Page sold 7,368 shares of Keysight Technologies stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the transaction, the senior vice president owned 36,986 shares of the company's stock, valued at $5,835,651.08. This trade represents a 16.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the transaction, the director directly 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. Insiders have sold 31,830 shares of company stock worth $5,124,049 over the last ninety days. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KEYS. Morgan Stanley raised their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and raised their target price for the company from $170.00 to $175.00 in a research note on Monday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Keysight Technologies has a consensus rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.