Kentucky Retirement Systems Sells 111 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Kentucky Retirement Systems lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,154 shares of the scientific and technical instruments company’s stock after selling 111 shares during the quarter. Kentucky Retirement Systems’ holdings in Keysight Technologies were worth $1,799,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. acquired a new stake in Keysight Technologies in the fourth quarter valued at approximately $216,000. Dynamic Technology Lab Private Ltd bought a new stake in Keysight Technologies during the 4th quarter valued at $688,000. PNC Financial Services Group Inc. raised its holdings in Keysight Technologies by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 54,649 shares of the scientific and technical instruments company’s stock worth $8,694,000 after buying an additional 3,664 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Keysight Technologies by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 371,750 shares of the scientific and technical instruments company’s stock valued at $59,142,000 after buying an additional 81,810 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Keysight Technologies by 2.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,953 shares of the scientific and technical instruments company’s stock valued at $1,265,000 after buying an additional 209 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Stock Down 1.9 %

Shares of NYSE:KEYS opened at $152.42 on Friday. The company has a market capitalization of $26.60 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $162.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The business has a fifty day moving average price of $141.83 and a two-hundred day moving average price of $144.89.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $2.04 earnings per share. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. Analysts forecast that Keysight Technologies, Inc. will post 5.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Vertical Research assumed coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target for the company. Finally, Bank of America lifted their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $167.67.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by company insiders.

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.