Keysight Technologies (NYSE:KEYS) Trading Down 4.3% After Insider Selling

Keysight Technologies Inc. (NYSE:KEYS - Get Free Report) shares traded down 4.3% on Thursday following insider selling activity. The company traded as low as $161.65 and last traded at $158.39. 478,738 shares changed hands during trading, a decline of 57% from the average session volume of 1,101,198 shares. The stock had previously closed at $165.52.

Specifically, CFO Neil Dougherty sold 12,215 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the transaction, the chief financial officer directly owned 115,228 shares in the company, valued at $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

KEYS has been the subject of a number of research analyst reports. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Bank of America increased their price target on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley increased their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Keysight Technologies Stock Performance

The stock's fifty day simple moving average is $158.39 and its 200-day simple moving average is $158.94. The company has a market capitalization of $27.26 billion, a PE ratio of 37.18, a PEG ratio of 2.24 and a beta of 1.09. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

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

Institutional Investors Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEYS. Central Pacific Bank Trust Division increased 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 buying an additional 90 shares during the last quarter. Accent Capital Management LLC bought a new position in Keysight Technologies in the 1st quarter worth approximately $28,000. Manchester Capital Management LLC boosted its position in shares of Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock valued at $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 valued at $36,000. Finally, Private Trust Co. NA grew 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 buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 84.58% 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.

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.