California Public Employees Retirement System Sells 10,147 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

California Public Employees Retirement System lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 656,779 shares of the scientific and technical instruments company's stock after selling 10,147 shares during the period. California Public Employees Retirement System owned 0.38% of Keysight Technologies worth $104,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in shares of Keysight Technologies in the third quarter worth $25,000. OFI Invest Asset Management acquired a new stake in shares of Keysight Technologies in the third quarter worth $26,000. Venturi Wealth Management LLC increased its stake in shares of Keysight Technologies by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company's stock worth $43,000 after acquiring an additional 159 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of Keysight Technologies in the third quarter worth $44,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Keysight Technologies during the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Down 0.1 %

Shares of KEYS stock traded down $0.20 during trading hours on Wednesday, hitting $146.60. The company had a trading volume of 1,417,215 shares, compared to its average volume of 1,238,257. The company's fifty day moving average is $153.31 and its 200 day moving average is $146.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The stock has a market capitalization of $25.59 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 6.56 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $1.72 EPS. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts expect that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KEYS. Citigroup raised their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Barclays raised their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered shares of Keysight Technologies from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $160.63.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the sale, the senior vice president now directly owns 29,156 shares of the company's stock, valued at approximately $4,457,369.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company's stock.

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.