New York State Teachers Retirement System Trims Stake in Keysight Technologies Inc. (NYSE:KEYS)

New York State Teachers Retirement System lowered its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 131,890 shares of the scientific and technical instruments company's stock after selling 3,464 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Keysight Technologies worth $19,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Central Pacific Bank Trust Division raised its stake in Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Keysight Technologies by 241.8% in the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock worth $44,000 after buying an additional 191 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Keysight Technologies in the 1st quarter worth $51,000. Quarry LP increased its holdings in shares of Keysight Technologies by 188.1% in the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after buying an additional 284 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Keysight Technologies during the 1st quarter valued at $73,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insider Activity at Keysight Technologies

In other news, CFO Neil Dougherty sold 12,215 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the transaction, the chief financial officer directly owned 115,228 shares of the company's stock, valued at approximately $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Page sold 7,368 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the sale, the senior vice president owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,830 shares of company stock worth $5,124,049 over the last ninety days. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. lifted their price target on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Bank of America upped 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. Finally, Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report 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 data from MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

Keysight Technologies Trading Up 0.7%

NYSE KEYS opened at $165.63 on Thursday. The firm has a market cap of $28.51 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The stock has a 50-day moving average of $158.39 and a 200-day moving average of $158.94. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46.

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 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. As a group, sell-side analysts forecast that Keysight Technologies Inc. will post 6.32 EPS for the current year.

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.

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.