Keysight Technologies Inc. (NYSE:KEYS) Holdings Reduced by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its position in Keysight Technologies Inc. (NYSE:KEYS) by 28.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,917 shares of the scientific and technical instruments company’s stock after selling 4,028 shares during the period. Gulf International Bank UK Ltd’s holdings in Keysight Technologies were worth $1,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division grew 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 worth $27,000 after purchasing an additional 90 shares during the last quarter. Accent Capital Management LLC bought a new position in shares of Keysight Technologies in the first quarter valued at approximately $28,000. Manchester Capital Management LLC boosted its holdings 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 in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Keysight Technologies in the first quarter valued at approximately $36,000. Finally, Private Trust Co. NA boosted its holdings in shares of Keysight Technologies by 39.9% in the first 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. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Down 0.7%

KEYS stock opened at $163.36 on Friday. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $186.20. The firm has a market cap of $28.12 billion, a PE ratio of 38.35, a P/E/G ratio of 2.32 and a beta of 1.11. The firm has a 50 day simple moving average of $163.18 and a 200 day simple moving average of $158.62. 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) last issued its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity

In other Keysight Technologies news, CFO Neil Dougherty sold 12,215 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the sale, the chief financial officer owned 115,228 shares in the company, valued at approximately $18,966,528.80. This trade represents a 9.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Page sold 7,368 shares of Keysight Technologies 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 sale, the senior vice president owned 36,986 shares of the company’s stock, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their position. 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 ninety days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

KEYS has been the subject of several recent analyst reports. Bank of America upgraded shares of Keysight Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $170.00 to $175.00 in a report on Monday, July 21st. Morgan Stanley increased their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $187.50.

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.