E. Ohman J or Asset Management AB Sells 1,100 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

E. Ohman J or Asset Management AB reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 13.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the scientific and technical instruments company’s stock after selling 1,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Keysight Technologies were worth $1,063,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KEYS. Central Pacific Bank Trust Division increased its stake in Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 133 shares in the last quarter. Sunbelt Securities Inc. increased its stake in Keysight Technologies by 241.8% in the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. Quarry LP grew its holdings in shares of Keysight Technologies by 188.1% during the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock valued at $70,000 after buying an additional 284 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Keysight Technologies by 37.4% during the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock worth $127,000 after acquiring an additional 216 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Up 1.3%

KEYS opened at $161.97 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The stock has a market cap of $27.99 billion, a price-to-earnings ratio of 46.28, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20. The company’s 50-day moving average price is $148.60 and its two-hundred day moving average price is $159.87.

Keysight Technologies (NYSE:KEYS) last released its 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 firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, equities analysts expect that Keysight Technologies, Inc. will post 6.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KEYS shares. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Wells Fargo & Company boosted their target price 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. Robert W. Baird boosted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price 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. Finally, Morgan Stanley boosted 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. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $183.00.

Insider Activity at Keysight Technologies

In related news, SVP John Page sold 7,368 shares of the company’s 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 sale, the senior vice president now directly owns 36,986 shares in the company, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the company’s 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 $103,819.24. Following the sale, the chief executive officer now owns 115,576 shares in the company, valued at $18,235,581.28. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,247 shares of company stock worth $2,086,720. 0.61% of the stock is owned by corporate insiders.

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.