New York State Common Retirement Fund Sells 25,062 Shares of Keysight Technologies Inc. (NYSE:KEYS)

New York State Common Retirement Fund decreased its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,118 shares of the scientific and technical instruments company's stock after selling 25,062 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Keysight Technologies worth $16,492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KEYS. Praxis Investment Management Inc. lifted its position 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 worth $954,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Keysight Technologies by 142.8% during the first quarter. GAMMA Investing LLC now owns 5,012 shares of the scientific and technical instruments company's stock worth $751,000 after acquiring an additional 2,948 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Keysight Technologies by 3.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock worth $7,828,000 after acquiring an additional 1,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Keysight Technologies by 19.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,730 shares of the scientific and technical instruments company's stock valued at $1,906,000 after buying an additional 2,106 shares during the last quarter. Finally, True Link Financial Advisors LLC purchased a new position in Keysight Technologies in the 1st quarter valued at $351,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on KEYS shares. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley raised their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Bank of America lifted their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and an average price target of $185.56.

Insiders Place Their Bets

In related news, SVP John Page sold 7,368 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the sale, the senior vice president owned 36,986 shares of the company's stock, valued at $5,835,651.08. The trade was a 16.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Hamada sold 1,589 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the sale, the director directly owned 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. Insiders have sold 31,830 shares of company stock worth $5,124,049 over the last quarter. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

Shares of KEYS stock traded up $2.83 during trading on Thursday, reaching $163.09. The company had a trading volume of 803,236 shares, compared to its average volume of 1,092,132. The firm's 50 day simple moving average is $161.84 and its two-hundred day simple moving average is $158.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. Keysight Technologies Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a market capitalization of $28.07 billion, a PE ratio of 27.07, a PEG ratio of 2.18 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. Keysight Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 earnings per share. Sell-side analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

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.