Kentucky Retirement Systems Insurance Trust Fund Sells 462 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 8.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,168 shares of the scientific and technical instruments company’s stock after selling 462 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Keysight Technologies were worth $821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swedbank AB increased its position in shares of Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Keysight Technologies by 352.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after acquiring an additional 2,462,543 shares during the last quarter. Capital World Investors purchased a new stake in shares of Keysight Technologies in the first quarter valued at $250,097,000. Van ECK Associates Corp lifted its holdings in shares of Keysight Technologies by 6.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company’s stock worth $188,540,000 after acquiring an additional 79,774 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Keysight Technologies by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 1,141,274 shares of the scientific and technical instruments company’s stock worth $178,473,000 after purchasing an additional 42,126 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KEYS. Bank of America raised their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective for the company. StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Robert W. Baird cut their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $170.89.

Keysight Technologies Trading Down 2.8 %

NYSE:KEYS opened at $149.37 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The firm has a 50-day simple moving average of $155.17 and a 200-day simple moving average of $145.91. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $166.28. The firm has a market cap of $25.92 billion, a P/E ratio of 28.73, a P/E/G ratio of 4.36 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.04 earnings per share. Equities analysts anticipate that Keysight Technologies, Inc. will post 5.48 EPS for the current fiscal year.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, valued at $6,576,960. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Keysight Technologies Profile

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.