Handelsbanken Fonder AB Increases Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Handelsbanken Fonder AB lifted its position in Keysight Technologies, Inc. (NYSE:KEYS) by 71.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,079 shares of the scientific and technical instruments company’s stock after purchasing an additional 37,270 shares during the quarter. Handelsbanken Fonder AB owned about 0.05% of Keysight Technologies worth $14,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in Keysight Technologies during the third quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new stake in Keysight Technologies in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its holdings in Keysight Technologies by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 159 shares during the period. BluePath Capital Management LLC acquired a new stake in Keysight Technologies in the third quarter valued at approximately $44,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Keysight Technologies in the fourth quarter valued at approximately $53,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

NYSE KEYS opened at $146.79 on Wednesday. The stock’s fifty day moving average is $153.43 and its two-hundred day moving average is $146.42. The firm has a market capitalization of $25.62 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 6.56 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. 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 released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. On average, research analysts anticipate that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on KEYS shares. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Citigroup raised their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Barclays raised their price objective on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $160.63.

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.