New York State Common Retirement Fund Decreases Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

New York State Common Retirement Fund decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 11.0% in the fourth quarter, HoldingsChannel reports. The fund 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’s holdings in Keysight Technologies were worth $29,598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Investment Advisors increased its stake in Keysight Technologies by 1.8% during the 4th quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock valued at $664,000 after purchasing an additional 75 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in Keysight Technologies by 31.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 82 shares in the last quarter. Guinness Asset Management LTD increased its stake in Keysight Technologies by 2.8% during the 3rd quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock valued at $422,000 after purchasing an additional 88 shares in the last quarter. Princeton Capital Management LLC increased its stake in Keysight Technologies by 1.6% during the 3rd quarter. Princeton Capital Management LLC now owns 6,488 shares of the scientific and technical instruments company’s stock valued at $858,000 after purchasing an additional 104 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its stake in Keysight Technologies by 7.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,603 shares of the scientific and technical instruments company’s stock valued at $212,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of recent analyst reports. Barclays upped 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 note on Wednesday, February 21st. Citigroup increased their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $160.63.

Insider Activity

In other news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction dated 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 owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Up 0.6 %

KEYS opened at $147.43 on Friday. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The company has a fifty day moving average of $153.14 and a two-hundred day moving average of $146.53. The stock has a market capitalization of $25.74 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 6.64 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $1.72 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, research analysts expect that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

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.