Kentucky Retirement Systems Sells 165 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Kentucky Retirement Systems lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,994 shares of the scientific and technical instruments company’s stock after selling 165 shares during the quarter. Kentucky Retirement Systems’ holdings in Keysight Technologies were worth $1,927,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Concurrent Investment Advisors LLC grew its stake in shares of Keysight Technologies by 3.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 8,440 shares of the scientific and technical instruments company’s stock worth $1,356,000 after buying an additional 304 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Keysight Technologies by 14.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,493 shares of the scientific and technical instruments company’s stock worth $400,000 after purchasing an additional 320 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 133 shares during the last quarter. Truist Financial Corp grew its stake in shares of Keysight Technologies by 8.7% in the fourth quarter. Truist Financial Corp now owns 17,451 shares of the scientific and technical instruments company’s stock worth $2,803,000 after purchasing an additional 1,401 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Keysight Technologies by 60.6% in the fourth quarter. CIBC Asset Management Inc now owns 205,787 shares of the scientific and technical instruments company’s stock worth $32,983,000 after purchasing an additional 77,631 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $175.33 on Friday. The firm’s 50-day moving average price is $169.77 and its 200-day moving average price is $159.97. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The firm has a market capitalization of $30.32 billion, a P/E ratio of 50.10, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

Insider Activity

In related news, VP Lisa M. Poole sold 350 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total value of $60,126.50. Following the sale, the vice president now owns 4,820 shares in the company, valued at $828,027.80. This represents a 6.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares in the company, valued at $19,779,302.12. This represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,063 shares of company stock worth $5,573,941. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KEYS shares. Barclays boosted their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Robert W. Baird boosted their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Bank of America boosted their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.22.

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.