Teacher Retirement System of Texas Has $8.54 Million Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Teacher Retirement System of Texas reduced its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 34.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 have also modified their holdings of the business. Central Pacific Bank Trust Division raised its stake in Keysight Technologies by 97.8% in the 1st 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 during the last quarter. Private Trust Co. NA increased 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 purchasing an additional 75 shares in the last quarter. Sunbelt Securities Inc. increased its position in Keysight Technologies by 241.8% during the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock worth $44,000 after purchasing an additional 191 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in Keysight Technologies during the 1st quarter worth approximately $51,000. Finally, Quarry LP increased its position in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after purchasing an additional 284 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Stock Performance

KEYS traded down $7.14 during trading on Friday, reaching $158.39. 478,793 shares of the company's stock were exchanged, compared to its average volume of 1,103,433. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $158.97 and a 200 day moving average price of $158.79. The company has a market capitalization of $27.26 billion, a P/E ratio of 37.18, a PEG ratio of 2.27 and a beta of 1.09.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion for 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 firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Neil Dougherty sold 12,215 shares of the firm'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 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 $18,966,528.80. This trade represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total transaction of $103,819.24. Following the transaction, the chief executive officer directly owned 115,576 shares of the company's stock, valued at $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,830 shares of company stock worth $5,124,049. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.