Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 140,542 shares of the scientific and technical instruments company’s stock after selling 11,234 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Keysight Technologies worth $22,336,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth $27,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth $30,000. Larson Financial Group LLC acquired a new stake in shares of Keysight Technologies during the first quarter worth $31,000. American National Bank & Trust acquired a new stake in shares of Keysight Technologies during the third quarter worth $31,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 184 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Keysight Technologies

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

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $151.55 on Friday. The business’s 50-day moving average price is $153.70 and its two-hundred day moving average price is $145.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $162.51. The company has a market capitalization of $26.30 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 EPS. Analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KEYS. Susquehanna cut their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Bank of America upped their price target on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Robert W. Baird dropped their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.67.

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.