Insider Selling: Keysight Technologies Inc (NYSE:KEYS) CEO Sells $11,378,971.20 in Stock

Keysight Technologies Inc (NYSE:KEYS) CEO Ronald S. Nersesian sold 109,624 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $103.80, for a total transaction of $11,378,971.20. Following the transaction, the chief executive officer now owns 298,970 shares in the company, valued at approximately $31,033,086. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE KEYS traded up $1.42 during trading hours on Wednesday, hitting $103.16. The company’s stock had a trading volume of 1,358,901 shares, compared to its average volume of 1,702,114. Keysight Technologies Inc has a 52 week low of $55.91 and a 52 week high of $110.00. The company has a market capitalization of $19.35 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.55 and a beta of 1.28. The company has a current ratio of 3.21, a quick ratio of 2.50 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $103.65 and its two-hundred day simple moving average is $92.95.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, November 26th. The scientific and technical instruments company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.21. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Keysight Technologies had a return on equity of 29.25% and a net margin of 14.43%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. Research analysts anticipate that Keysight Technologies Inc will post 4.62 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Keysight Technologies by 1.9% during the second quarter. Vanguard Group Inc. now owns 21,037,786 shares of the scientific and technical instruments company’s stock worth $1,889,403,000 after acquiring an additional 399,082 shares during the period. BlackRock Inc. grew its stake in Keysight Technologies by 9.7% in the 2nd quarter. BlackRock Inc. now owns 15,859,092 shares of the scientific and technical instruments company’s stock valued at $1,424,307,000 after purchasing an additional 1,398,576 shares during the period. State Street Corp grew its stake in Keysight Technologies by 0.4% in the 3rd quarter. State Street Corp now owns 7,720,750 shares of the scientific and technical instruments company’s stock valued at $750,843,000 after purchasing an additional 31,966 shares during the period. JPMorgan Chase & Co. grew its stake in Keysight Technologies by 75.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,754,203 shares of the scientific and technical instruments company’s stock valued at $414,185,000 after purchasing an additional 2,048,611 shares during the period. Finally, Invesco Ltd. increased its position in shares of Keysight Technologies by 31.2% during the 2nd quarter. Invesco Ltd. now owns 3,232,699 shares of the scientific and technical instruments company’s stock valued at $290,329,000 after purchasing an additional 768,856 shares during the last quarter. Institutional investors own 88.23% of the company’s stock.

Several analysts have recently commented on KEYS shares. Credit Suisse Group restated an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Keysight Technologies in a research note on Wednesday, November 27th. Deutsche Bank upped their price target on Keysight Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays initiated coverage on Keysight Technologies in a report on Wednesday, August 7th. They issued an “overweight” rating and a $103.00 price target on the stock. Stifel Nicolaus boosted their price objective on Keysight Technologies from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Citigroup upped their target price on Keysight Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Keysight Technologies has a consensus rating of “Buy” and a consensus price target of $109.45.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Insider Buying and Selling by Quarter for Keysight Technologies (NYSE:KEYS)

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