California State Teachers Retirement System Trims Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

California State Teachers Retirement System lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,528 shares of the scientific and technical instruments company's stock after selling 4,869 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Keysight Technologies worth $42,812,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Keysight Technologies by 8.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock worth $4,448,000 after purchasing an additional 2,260 shares during the period. Geode Capital Management LLC raised its holdings in Keysight Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock valued at $708,349,000 after acquiring an additional 17,213 shares during the period. PNC Financial Services Group Inc. raised its holdings in Keysight Technologies by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock valued at $8,896,000 after acquiring an additional 1,755 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Keysight Technologies by 26.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company's stock valued at $3,018,000 after acquiring an additional 3,857 shares during the period. Finally, Portfolio Design Labs LLC raised its holdings in Keysight Technologies by 17.7% during the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock valued at $2,498,000 after acquiring an additional 2,336 shares during the period. Institutional investors own 84.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wells Fargo & Company lifted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Bank of America lifted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. Morgan Stanley lifted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Robert W. Baird lifted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $183.00.

Keysight Technologies Price Performance

KEYS stock traded down $0.13 during mid-day trading on Thursday, hitting $158.41. 973,621 shares of the stock were exchanged, compared to its average volume of 1,135,582. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The business has a fifty day moving average price of $147.83 and a 200 day moving average price of $159.63. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The stock has a market capitalization of $27.37 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 2.41 and a beta of 1.10.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company's revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Keysight Technologies, Inc. will post 6.32 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the transaction, the chief financial officer now owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,829,920. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

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.