Forsta AP Fonden Sells 3,900 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Forsta AP Fonden lowered its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 10.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,900 shares of the scientific and technical instruments company’s stock after selling 3,900 shares during the period. Forsta AP Fonden’s holdings in Keysight Technologies were worth $4,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in shares of Keysight Technologies during the first quarter worth about $25,000. Larson Financial Group LLC bought a new stake in Keysight Technologies during the 1st quarter worth approximately $31,000. Family Firm Inc. acquired a new position in Keysight Technologies in the 2nd quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC raised its stake in shares of Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Keysight Technologies by 842.4% during the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America raised their target price on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Susquehanna lowered their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Robert W. Baird reduced their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.40.

Keysight Technologies Stock Up 1.1 %

Shares of NYSE KEYS opened at $150.04 on Friday. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The firm has a market cap of $26.04 billion, a PE ratio of 32.69, a P/E/G ratio of 5.03 and a beta of 0.97. The company’s fifty day simple moving average is $140.54 and its 200 day simple moving average is $145.02.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $2.04 EPS. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Activity

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the sale, the vice president now directly owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

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.