E. Ohman J or Asset Management AB Decreases Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

E. Ohman J or Asset Management AB reduced its position in Keysight Technologies, Inc. (NYSE:KEYS) by 13.6% in the third quarter, Holdings Channel.com reports. The fund owned 7,000 shares of the scientific and technical instruments company’s stock after selling 1,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Keysight Technologies were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Keysight Technologies in the 2nd quarter worth approximately $27,000. Family Firm Inc. purchased a new position in Keysight Technologies in the 2nd quarter worth approximately $30,000. Larson Financial Group LLC purchased a new position in Keysight Technologies in the 1st quarter worth approximately $31,000. American National Bank & Trust purchased a new position in Keysight Technologies in the 3rd quarter worth approximately $31,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KEYS. Susquehanna cut their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Bank of America lifted their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Vertical Research began coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. Finally, Robert W. Baird cut their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Keysight Technologies Stock Up 1.5 %

KEYS opened at $155.98 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51. The firm’s fifty day moving average is $153.25 and its 200 day moving average is $145.32. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 5.19 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business’s revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.04 EPS. On average, sell-side analysts forecast that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Keysight Technologies Company 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.