Handelsbanken Fonder AB Has $14.17 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Handelsbanken Fonder AB raised its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 71.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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’s holdings in Keysight Technologies were worth $14,172,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KEYS. Ancora Advisors LLC acquired a new stake in Keysight Technologies during the 3rd quarter valued at $25,000. OFI Invest Asset Management purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $26,000. Venturi Wealth Management LLC grew its holdings in shares of Keysight Technologies by 145.9% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 159 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $44,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Keysight Technologies by 31.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after acquiring an additional 82 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Citigroup upped their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Barclays upped their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $160.63.

Keysight Technologies Stock Up 1.4 %

Keysight Technologies stock opened at $146.79 on Wednesday. The firm has a market cap of $25.62 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 6.56 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The firm has a fifty day moving average price of $153.43 and a two-hundred day moving average price of $146.42.

Keysight Technologies (NYSE:KEYS) last released its earnings results 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. As a group, analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Insider Activity

In other news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company 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.