That looks like a supply which has no load (ie. not supplying any current), and it's gone into hiccup mode.
In this mode - which is completely normal - it will switch for a few cycles, transferring charge into the output capacitors. The output voltage increases to a point in excess of the set point, so the controller shuts down for a while and allows the output to discharge again. The cycle keeps repeating, and gives rise to the short bursts of switching activity you're seeing.
Try putting a dummy load resistor across the output, and you may see a considerable improvement.