New York State Common Retirement Fund Sells 39,406 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

New York State Common Retirement Fund cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 13.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,326 shares of the scientific and technical instruments company’s stock after selling 39,406 shares during the period. New York State Common Retirement Fund owned approximately 0.14% of Keysight Technologies worth $37,331,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State of Wisconsin Investment Board boosted its holdings in Keysight Technologies by 126.6% in the fourth quarter. State of Wisconsin Investment Board now owns 343,909 shares of the scientific and technical instruments company’s stock worth $45,427,000 after purchasing an additional 192,147 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Keysight Technologies by 2.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 776,428 shares of the scientific and technical instruments company’s stock worth $111,340,000 after purchasing an additional 20,947 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Keysight Technologies by 9.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,657 shares of the scientific and technical instruments company’s stock valued at $2,993,000 after acquiring an additional 2,008 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its holdings in Keysight Technologies by 23.6% during the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 121,118 shares of the scientific and technical instruments company’s stock valued at $15,998,000 after acquiring an additional 23,110 shares during the period. Finally, Sei Investments Co. boosted its holdings in Keysight Technologies by 37.5% during the fourth quarter. Sei Investments Co. now owns 36,132 shares of the scientific and technical instruments company’s stock valued at $4,837,000 after acquiring an additional 9,856 shares during the period. Hedge funds and other institutional investors own 84.14% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Credit Suisse Group upped their price target on shares of Keysight Technologies from $125.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 25th. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Monday, February 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keysight Technologies from $155.00 to $158.00 and gave the company a “hold” rating in a report on Monday, May 24th. Finally, Robert W. Baird restated a “buy” rating on shares of Keysight Technologies in a report on Sunday, May 23rd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $149.82.

Shares of KEYS opened at $148.94 on Friday. The company’s 50-day moving average is $143.45. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 2.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.89 and a quick ratio of 2.29. Keysight Technologies, Inc. has a 52 week low of $90.62 and a 52 week high of $155.50.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, May 18th. The scientific and technical instruments company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. Keysight Technologies had a net margin of 16.21% and a return on equity of 28.46%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. Equities research analysts predict that Keysight Technologies, Inc. will post 5.31 earnings per share for the current year.

In other news, COO Satish Dhanasekaran sold 2,490 shares of the firm’s stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $142.18, for a total transaction of $354,028.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ingrid A. Estrada sold 5,475 shares of the firm’s stock in a transaction that occurred on Wednesday, June 9th. The stock was sold at an average price of $149.14, for a total transaction of $816,541.50. Following the sale, the senior vice president now directly owns 88,626 shares of the company’s stock, valued at approximately $13,217,681.64. The disclosure for this sale can be found here. Insiders sold 9,596 shares of company stock valued at $1,399,725 in the last three months. Company insiders own 0.52% of the company’s stock.

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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test instruments; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions; and repair, calibration, and consulting services, as well as resells refurbished used Keysight equipment.

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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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