Retirement Systems of Alabama Lowers Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Retirement Systems of Alabama lessened its position in Keysight Technologies, Inc. (NYSE:KEYS) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,031 shares of the scientific and technical instruments company’s stock after selling 473 shares during the quarter. Retirement Systems of Alabama’s holdings in Keysight Technologies were worth $6,044,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Keysight Technologies during the third quarter worth about $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies in the third quarter valued at approximately $29,000. American National Bank & Trust purchased a new stake in Keysight Technologies during the 3rd quarter worth approximately $31,000. Meeder Asset Management Inc. acquired a new stake in Keysight Technologies during the 2nd quarter worth approximately $27,000. Finally, Family Firm Inc. purchased a new position in Keysight Technologies in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Buying and Selling

In other Keysight Technologies news, SVP Jeffrey K. Li sold 4,412 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the transaction, the senior vice president now owns 30,637 shares of the company’s stock, valued at $5,267,113.04. The trade was a 12.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the sale, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,063 shares of company stock worth $4,603,201 in the last ninety days. 0.60% of the stock is owned by corporate insiders.

Keysight Technologies Stock Down 3.7 %

KEYS stock opened at $160.21 on Thursday. The stock has a market cap of $27.80 billion, a P/E ratio of 45.77, a PEG ratio of 2.15 and a beta of 1.00. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $175.39. The company’s 50 day moving average is $161.83 and its two-hundred day moving average is $148.97.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KEYS shares. Bank of America upped their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Susquehanna restated a “positive” rating and set a $185.00 price target on shares of Keysight Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $170.00 to $200.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.80.

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.