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

Teacher Retirement System of Texas lessened its position in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 34.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 57,021 shares of the scientific and technical instruments company's stock after selling 29,349 shares during the period. Teacher Retirement System of Texas' holdings in Keysight Technologies were worth $8,540,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its holdings in shares of Keysight Technologies by 39.9% in the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Keysight Technologies by 140.7% in the 1st quarter. Summit Trail Advisors LLC now owns 5,467 shares of the scientific and technical instruments company's stock valued at $819,000 after purchasing an additional 3,196 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Keysight Technologies by 1.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,575 shares of the scientific and technical instruments company's stock valued at $4,579,000 after purchasing an additional 297 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Keysight Technologies by 8.9% in the 1st quarter. Mather Group LLC. now owns 1,463 shares of the scientific and technical instruments company's stock valued at $219,000 after purchasing an additional 119 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of Keysight Technologies in the 1st quarter valued at about $3,216,000. Institutional investors and hedge funds own 84.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KEYS shares. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley increased their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Bank of America raised their target price on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Insider Transactions at Keysight Technologies

In related news, CFO Neil Dougherty sold 12,215 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the sale, the chief financial officer directly owned 115,228 shares in the company, valued at approximately $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Page sold 7,368 shares of the business's 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 completion of the sale, the senior vice president owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. The trade was a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 in the last quarter. Insiders own 0.61% of the company's stock.

Keysight Technologies Trading Down 2.8%

Shares of NYSE KEYS traded down $4.63 during midday trading on Monday, reaching $162.42. 744,702 shares of the stock were exchanged, compared to its average volume of 1,101,998. The company has a market capitalization of $27.95 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.28 and a beta of 1.09. Keysight Technologies Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. 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 50 day moving average price of $159.34 and a 200-day moving average price of $158.78.

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. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. Equities research analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

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.