Union Bancaire Privee UBP SA cut its position in Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 60.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,180 shares of the scientific and technical instruments company’s stock after selling 9,469 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Keysight Technologies were worth $959,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of Keysight Technologies by 3.2% during 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 purchasing an additional 61 shares during the last quarter. Signaturefd LLC lifted its stake in Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company’s stock valued at $387,000 after purchasing an additional 66 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Keysight Technologies by 5.1% during 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 purchasing an additional 79 shares during the period. Integrated Advisors Network LLC increased its position in Keysight Technologies by 4.8% during the first quarter. Integrated Advisors Network LLC now owns 1,847 shares of the scientific and technical instruments company’s stock worth $277,000 after buying an additional 85 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Keysight Technologies by 4.3% during the fourth quarter. Parallel Advisors LLC now owns 2,159 shares of the scientific and technical instruments company’s stock worth $347,000 after buying an additional 89 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Keysight Technologies news, SVP John Page sold 7,368 shares of the stock in a transaction dated 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 $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard P. Hamada sold 1,589 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total transaction of $257,418.00. Following the sale, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,829,920. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,247 shares of company stock worth $2,086,720 in the last 90 days. Company insiders own 0.61% of the company’s stock.
Keysight Technologies Trading Down 0.4%
Keysight Technologies (NYSE:KEYS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Keysight Technologies, Inc. will post 6.32 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Wall Street Zen downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Robert W. Baird upped their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Bank of America increased their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley raised their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $183.00.
View Our Latest Stock Report on KEYS
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.
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