Public Employees Retirement System of Ohio Sells 4,166 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Public Employees Retirement System of Ohio lessened its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,027 shares of the scientific and technical instruments company's stock after selling 4,166 shares during the period. Public Employees Retirement System of Ohio's holdings in Keysight Technologies were worth $12,373,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in shares of Keysight Technologies by 8.9% in the fourth 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 last quarter. Geode Capital Management LLC grew its position in shares of Keysight Technologies by 0.4% in 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 last quarter. PNC Financial Services Group Inc. grew its position in shares of Keysight Technologies by 3.3% in 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 buying an additional 1,755 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Keysight Technologies by 26.2% in the fourth 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 buying an additional 3,857 shares during the period. Finally, Portfolio Design Labs LLC raised its position in shares of Keysight Technologies by 17.7% during the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock worth $2,498,000 after acquiring an additional 2,336 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Stock Down 2.3%

Keysight Technologies stock traded down $3.77 during midday trading on Wednesday, reaching $158.49. The stock had a trading volume of 1,314,347 shares, compared to its average volume of 1,137,136. The company has a fifty day moving average price of $147.76 and a two-hundred day moving average price of $159.68. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $27.39 billion, a P/E ratio of 45.28, a PEG ratio of 2.41 and a beta of 1.10.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.28 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Keysight Technologies, Inc. will post 6.32 EPS for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KEYS. Robert W. Baird increased their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wall Street Zen cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Morgan Stanley lifted their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Bank of America upped their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

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.