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

E. Ohman J or Asset Management AB lessened its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 13.4% during the first quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KEYS. EverSource Wealth Advisors LLC increased its holdings in shares of 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 worth $314,000 after buying an additional 61 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Keysight Technologies by 2.8% during the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company’s stock worth $387,000 after acquiring an additional 66 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Keysight Technologies by 5.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company’s stock worth $262,000 after acquiring an additional 79 shares in the last quarter. Parallel Advisors LLC increased its stake in Keysight Technologies by 4.3% in the fourth quarter. Parallel Advisors LLC now owns 2,159 shares of the scientific and technical instruments company’s stock valued at $347,000 after acquiring an additional 89 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised 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 valued at $27,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Insider Activity

In other news, SVP John Page sold 7,368 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the completion of the sale, the senior vice president now owns 36,986 shares of the company’s stock, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now directly owns 115,063 shares of the company’s stock, valued at approximately $17,834,765. This trade represents a 3.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,247 shares of company stock valued at $2,086,720. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KEYS has been the subject of a number of research reports. Robert W. Baird upped their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Bank of America boosted their target price on Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped 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. 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. Finally, Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Keysight Technologies Stock Up 1.3%

Shares of KEYS opened at $161.97 on Friday. The firm has a market cap of $27.99 billion, a P/E ratio of 46.28, a P/E/G ratio of 2.41 and a beta of 1.10. The stock has a 50 day simple moving average of $148.60 and a two-hundred day simple moving average of $159.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20.

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

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.