Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Keysight Technologies in the second quarter worth $27,000. Family Firm Inc. acquired a new position in shares of Keysight Technologies in the 2nd quarter valued at $30,000. American National Bank & Trust purchased a new position in Keysight Technologies in the 3rd quarter worth $31,000. GPS Wealth Strategies Group LLC lifted its position in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares during the period. Finally, Versant Capital Management Inc grew its stake in Keysight Technologies by 842.4% during the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 278 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Stock Performance

NYSE KEYS opened at $149.37 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $166.28. The stock has a 50-day moving average of $155.17 and a 200 day moving average of $145.91. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 4.36 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion for 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%. The business’s revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.04 EPS. Sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.48 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction that occurred on 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 directly owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. 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 report on Monday, August 26th. Bank of America lifted their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. Vertical Research began coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price for the company. Susquehanna lowered their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.89.

Keysight Technologies Company 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.