Illinois Municipal Retirement Fund Has $12.95 Million Position in Keysight Technologies Inc. (NYSE:KEYS)

Illinois Municipal Retirement Fund lessened its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,468 shares of the scientific and technical instruments company's stock after selling 6,763 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Keysight Technologies worth $12,950,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. boosted its holdings in shares of Keysight Technologies by 45.8% during the first quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock valued at $954,000 after acquiring an additional 2,000 shares during the period. Exchange Traded Concepts LLC increased its stake in Keysight Technologies by 18.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,752 shares of the scientific and technical instruments company's stock valued at $262,000 after buying an additional 279 shares during the period. True Link Financial Advisors LLC acquired a new position in Keysight Technologies during the 1st quarter valued at about $351,000. Sequoia Financial Advisors LLC increased its stake in Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock valued at $4,448,000 after buying an additional 2,260 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 buying an additional 17,213 shares during the period. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Stock Performance

KEYS traded down $0.68 on Friday, hitting $164.26. The company had a trading volume of 1,119,031 shares, compared to its average volume of 1,103,263. The company's fifty day moving average price is $156.60 and its 200 day moving average price is $158.94. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The stock has a market cap of $28.27 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09.

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 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $1.41 earnings per share. The company's quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,589 shares of the company's stock in a transaction on 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 directly owns 42,160 shares in the company, valued at approximately $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ingrid A. Estrada sold 10,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president now owns 108,590 shares of the company's stock, valued at $17,262,552.30. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,615 shares of company stock worth $3,113,460 over the last three months. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KEYS has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Bank of America boosted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat.com, Keysight Technologies presently has an average rating of "Moderate Buy" and an average price target of $183.00.

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.