Keysight Technologies Inc. (NYSE:KEYS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 34.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,021 shares of the scientific and technical instruments company's stock after selling 29,349 shares during the quarter. Teacher Retirement System of Texas' holdings in Keysight Technologies were worth $8,540,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in Keysight Technologies by 3.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock valued at $314,000 after purchasing an additional 61 shares during the period. Signaturefd LLC lifted its holdings in shares of Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock valued at $387,000 after purchasing an additional 66 shares during the last quarter. Private Trust Co. NA lifted its position in Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock worth $39,000 after acquiring an additional 75 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of Keysight Technologies by 5.1% during the fourth quarter. Citizens Financial Group Inc. RI now owns 1,629 shares of the scientific and technical instruments company's stock worth $262,000 after purchasing an additional 79 shares during the period. Finally, Pinnacle Bancorp Inc. raised its holdings in Keysight Technologies by 14.2% during the first quarter. Pinnacle Bancorp Inc. now owns 669 shares of the scientific and technical instruments company's stock worth $100,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Down 0.6%

Shares of KEYS traded down $0.99 during mid-day trading on Monday, reaching $166.06. The company had a trading volume of 80,120 shares, compared to its average volume of 1,005,753. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. The stock has a market cap of $28.58 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.28 and a beta of 1.09. The firm has a fifty day simple moving average of $158.97 and a 200-day simple moving average of $158.79. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, sell-side analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Insider Activity

In other Keysight Technologies news, SVP John Page sold 7,368 shares of Keysight Technologies stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the transaction, the senior vice president directly owned 36,986 shares of the company's stock, valued at $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the completion of the transaction, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $18,235,581.28. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,830 shares of company stock worth $5,124,049. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on KEYS shares. Morgan Stanley raised their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Bank of America lifted 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. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $183.00.

About Keysight Technologies

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.