State of Michigan Retirement System Trims Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

State of Michigan Retirement System trimmed its position in Keysight Technologies, Inc. (NYSE:KEYSFree Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,831 shares of the scientific and technical instruments company’s stock after selling 400 shares during the quarter. State of Michigan Retirement System’s holdings in Keysight Technologies were worth $8,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in Keysight Technologies by 45.5% during the 3rd quarter. Lazard Asset Management LLC now owns 282,601 shares of the scientific and technical instruments company’s stock valued at $37,390,000 after buying an additional 88,406 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Keysight Technologies by 5.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,778 shares of the scientific and technical instruments company’s stock valued at $368,000 after buying an additional 151 shares in the last quarter. Nordea Investment Management AB grew its holdings in Keysight Technologies by 27.6% during the 3rd quarter. Nordea Investment Management AB now owns 718,297 shares of the scientific and technical instruments company’s stock valued at $96,209,000 after buying an additional 155,226 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in Keysight Technologies by 3.9% during the 4th quarter. Archford Capital Strategies LLC now owns 3,352 shares of the scientific and technical instruments company’s stock valued at $533,000 after buying an additional 125 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Keysight Technologies by 1,588.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company’s stock valued at $153,406,000 after buying an additional 1,090,763 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keysight Technologies

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

Wall Street Analyst Weigh In

KEYS has been the subject of a number of recent research reports. Barclays raised their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Citigroup raised their target price on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Finally, TheStreet raised shares of Keysight Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $160.63.

Read Our Latest Stock Report on Keysight Technologies

Keysight Technologies Stock Up 1.6 %

Shares of KEYS opened at $156.16 on Thursday. The company has a market cap of $27.26 billion, a PE ratio of 28.65, a P/E/G ratio of 7.11 and a beta of 1.05. The business has a fifty day moving average of $154.38 and a 200 day moving average of $144.30. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25.

Keysight Technologies (NYSE:KEYSGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. Keysight Technologies’s revenue was down 8.8% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. On average, sell-side analysts expect that Keysight Technologies, Inc. will post 5.39 EPS for the current year.

Keysight Technologies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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