E. Ohman J or Asset Management AB Cuts Position in Keysight Technologies, Inc. (NYSE:KEYS)

E. Ohman J or Asset Management AB cut its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 13.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,000 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 $1,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swedbank AB boosted its position in Keysight Technologies by 3.8% during the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock valued at $564,626,000 after buying an additional 151,446 shares during the period. Oppenheimer & Co. Inc. boosted its position in Keysight Technologies by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 47,393 shares of the scientific and technical instruments company’s stock valued at $7,411,000 after buying an additional 6,049 shares during the period. Capital International Sarl purchased a new stake in Keysight Technologies during the first quarter valued at about $2,434,000. Teachers Retirement System of The State of Kentucky boosted its position in Keysight Technologies by 172.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,977 shares of the scientific and technical instruments company’s stock valued at $6,565,000 after buying an additional 26,577 shares during the period. Finally, FORA Capital LLC purchased a new stake in Keysight Technologies during the first quarter valued at about $5,091,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

KEYS has been the subject of several analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Vertical Research assumed coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Robert W. Baird cut their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Keysight Technologies Stock Performance

Shares of KEYS opened at $155.98 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51. The company has a 50-day simple moving average of $153.25 and a two-hundred day simple moving average of $145.32. The firm has a market capitalization of $27.07 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 5.19 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business posted $2.04 earnings per share. Keysight Technologies’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

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.