Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 364,182 shares of the scientific and technical instruments company’s stock after selling 18,515 shares during the period. California Public Employees Retirement System owned about 0.21% of Keysight Technologies worth $58,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KEYS. Cerity Partners LLC lifted its position in shares of Keysight Technologies by 12.9% in the third quarter. Cerity Partners LLC now owns 9,994 shares of the scientific and technical instruments company’s stock valued at $1,588,000 after acquiring an additional 1,140 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Keysight Technologies by 10.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,563 shares of the scientific and technical instruments company’s stock valued at $5,334,000 after purchasing an additional 3,293 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Keysight Technologies by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 7,579 shares of the scientific and technical instruments company’s stock valued at $1,205,000 after purchasing an additional 900 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Keysight Technologies by 27.6% in the 3rd quarter. Captrust Financial Advisors now owns 6,940 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after purchasing an additional 1,502 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in Keysight Technologies by 106.0% during the 3rd quarter. Verition Fund Management LLC now owns 39,738 shares of the scientific and technical instruments company’s stock worth $6,316,000 after purchasing an additional 20,448 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Neil Dougherty sold 3,632 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Wells Fargo & Company raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. StockNews.com lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Robert W. Baird increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.44.

Keysight Technologies Trading Up 0.1 %

KEYS opened at $149.93 on Wednesday. The stock has a market capitalization of $25.91 billion, a PE ratio of 42.84, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The business’s 50 day moving average price is $165.33 and its 200 day moving average price is $162.48.

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.