Insider Selling: Keysight Technologies, Inc. (NYSE:KEYS) SVP Sells 4,300 Shares of Stock

Keysight Technologies, Inc. (NYSE:KEYS) SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Keysight Technologies Stock Performance

NYSE KEYS traded up $0.45 during midday trading on Thursday, hitting $156.29. The company had a trading volume of 1,322,553 shares, compared to its average volume of 1,238,340. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The stock has a market cap of $27.28 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 6.98 and a beta of 1.05. The firm has a fifty day simple moving average of $154.25 and a two-hundred day simple moving average of $143.50. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $1.72 EPS. The firm’s revenue was down 8.8% on a year-over-year basis. Equities analysts forecast that Keysight Technologies, Inc. will post 5.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Keysight Technologies

Several institutional investors have recently added to or reduced their stakes in KEYS. Jennison Associates LLC bought a new position in Keysight Technologies during the 4th quarter valued at about $395,789,000. Norges Bank bought a new position in shares of Keysight Technologies in the fourth quarter worth about $303,444,000. Moneta Group Investment Advisors LLC raised its stake in shares of Keysight Technologies by 110,226.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company’s stock worth $256,680,000 after acquiring an additional 1,499,078 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Keysight Technologies by 105.5% in the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock worth $379,134,000 after acquiring an additional 1,223,694 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Keysight Technologies by 31.8% in the fourth quarter. Alliancebernstein L.P. now owns 2,160,766 shares of the scientific and technical instruments company’s stock worth $369,642,000 after acquiring an additional 521,934 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KEYS has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Barclays raised their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Finally, TheStreet upgraded shares of Keysight Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Hold” and an average target price of $160.63.

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.