New York State Common Retirement Fund Sells 23,082 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

New York State Common Retirement Fund cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,047 shares of the scientific and technical instruments company's stock after selling 23,082 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Keysight Technologies worth $29,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KEYS. Jennison Associates LLC bought a new stake in Keysight Technologies during the fourth quarter valued at about $395,789,000. Keeler Thomas Management LLC grew its holdings in Keysight Technologies by 6.4% during the fourth quarter. Keeler Thomas Management LLC now owns 11,429 shares of the scientific and technical instruments company's stock valued at $1,818,000 after purchasing an additional 692 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Keysight Technologies by 71.9% in the fourth quarter. Handelsbanken Fonder AB now owns 89,079 shares of the scientific and technical instruments company's stock worth $14,172,000 after acquiring an additional 37,270 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Keysight Technologies by 40.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,183 shares of the scientific and technical instruments company's stock worth $188,000 after acquiring an additional 338 shares during the period. Finally, abrdn plc boosted its stake in shares of Keysight Technologies by 19.1% in the fourth quarter. abrdn plc now owns 264,652 shares of the scientific and technical instruments company's stock worth $42,103,000 after acquiring an additional 42,352 shares during the period. Hedge funds and other institutional investors own 84.58% of the company's stock.

Keysight Technologies Trading Up 0.8 %

KEYS traded up $1.13 during trading hours on Friday, reaching $148.56. The company's stock had a trading volume of 893,686 shares, compared to its average volume of 1,227,265. 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 cap of $25.93 billion, a PE ratio of 27.19, a P/E/G ratio of 6.64 and a beta of 1.05. The business's 50-day moving average is $153.00 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 (NYSE:KEYS - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm's quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 earnings per share. As a group, equities research analysts predict that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the business's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

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

Keysight Technologies Company 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.