Retirement Systems of Alabama trimmed its stake in Keysight Technologies Inc (NYSE:KEYS) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,144 shares of the scientific and technical instruments company’s stock after selling 5,610 shares during the quarter. Retirement Systems of Alabama’s holdings in Keysight Technologies were worth $7,989,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Keysight Technologies by 229.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 64,168 shares of the scientific and technical instruments company’s stock valued at $5,763,000 after buying an additional 44,683 shares during the last quarter. Chicago Equity Partners LLC grew its holdings in shares of Keysight Technologies by 1,001.7% during the second quarter. Chicago Equity Partners LLC now owns 41,645 shares of the scientific and technical instruments company’s stock valued at $3,740,000 after buying an additional 37,865 shares during the last quarter. Front Row Advisors LLC grew its holdings in shares of Keysight Technologies by 31.1% during the second quarter. Front Row Advisors LLC now owns 13,065 shares of the scientific and technical instruments company’s stock valued at $1,173,000 after buying an additional 3,100 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Keysight Technologies during the second quarter valued at about $431,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Keysight Technologies during the second quarter valued at about $13,148,000. Institutional investors and hedge funds own 86.59% of the company’s stock.
A number of research analysts have recently issued reports on KEYS shares. Goldman Sachs Group cut shares of Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 price objective for the company. in a report on Sunday, July 21st. Citigroup set a $100.00 price target on shares of Keysight Technologies and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank restated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Credit Suisse Group restated an “outperform” rating and set a $110.00 price target (up from $90.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Finally, Susquehanna Bancshares started coverage on shares of Keysight Technologies in a report on Friday, October 18th. They set a “positive” rating and a $115.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Keysight Technologies presently has a consensus rating of “Buy” and an average price target of $100.70.
Keysight Technologies stock opened at $103.38 on Thursday. Keysight Technologies Inc has a fifty-two week low of $53.21 and a fifty-two week high of $105.62. The stock has a market cap of $19.56 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.27. The firm’s 50-day simple moving average is $98.85 and its 200 day simple moving average is $90.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.56 and a current ratio of 2.05.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.22. Keysight Technologies had a net margin of 7.38% and a return on equity of 28.65%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts predict that Keysight Technologies Inc will post 4.23 EPS for the current fiscal year.
In other Keysight Technologies news, SVP Jay Alexander sold 18,067 shares of Keysight Technologies stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $94.01, for a total value of $1,698,478.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Satish Dhanasekaran sold 2,600 shares of Keysight Technologies stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $96.56, for a total transaction of $251,056.00. Following the completion of the sale, the senior vice president now directly owns 33,140 shares in the company, valued at approximately $3,199,998.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,167 shares of company stock worth $2,299,535. Insiders own 0.65% of the company’s stock.
About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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