Teachers Retirement System of The State of Kentucky Cuts Position in Keysight Technologies, Inc. (NYSE:KEYS)

Teachers Retirement System of The State of Kentucky decreased its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,400 shares of the scientific and technical instruments company’s stock after selling 724 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Keysight Technologies were worth $2,450,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Jennison Associates LLC acquired a new stake in Keysight Technologies in the 4th quarter valued at about $395,789,000. Van ECK Associates Corp raised its position in shares of Keysight Technologies by 105.5% during the 4th quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock worth $379,134,000 after purchasing an additional 1,223,694 shares during the last quarter. Northern Trust Corp lifted its stake in Keysight Technologies by 5.2% in the 3rd quarter. Northern Trust Corp now owns 2,069,120 shares of the scientific and technical instruments company’s stock valued at $273,765,000 after buying an additional 102,420 shares in the last quarter. Norges Bank purchased a new stake in Keysight Technologies in the 4th quarter valued at approximately $303,444,000. Finally, Morgan Stanley grew its holdings in Keysight Technologies by 3.7% during the 3rd quarter. Morgan Stanley now owns 1,688,735 shares of the scientific and technical instruments company’s stock valued at $223,437,000 after buying an additional 60,158 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Down 0.5 %

Shares of KEYS stock opened at $135.48 on Friday. The firm’s 50-day simple moving average is $145.09 and its 200-day simple moving average is $150.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.48. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72. The firm has a market cap of $23.65 billion, a P/E ratio of 29.52, a PEG ratio of 4.70 and a beta of 1.00.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. As a group, equities analysts forecast that Keysight Technologies, Inc. will post 5.25 EPS for the current year.

Insider Buying and Selling

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the sale, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the transaction, the vice president now owns 3,913 shares in the company, valued at $533,928.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin A. Stephens acquired 460 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were acquired at an average price of $143.35 per share, with a total value of $65,941.00. Following the completion of the purchase, the director now owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KEYS shares. Robert W. Baird upped their price objective on Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Barclays upped their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Finally, Susquehanna lowered their price target on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $166.33.

About Keysight Technologies

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.