Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 5.3% during the fourth quarter, HoldingsChannel reports. The fund owned 135,180 shares of the scientific and technical instruments company’s stock after selling 7,502 shares during the period. New York State Common Retirement Fund’s holdings in Keysight Technologies were worth $21,714,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KEYS. Creative Planning lifted its stake in shares of Keysight Technologies by 11.4% in the 3rd quarter. Creative Planning now owns 20,874 shares of the scientific and technical instruments company’s stock valued at $3,318,000 after purchasing an additional 2,138 shares during the last quarter. Swedbank AB raised its holdings in Keysight Technologies by 7.1% in the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after buying an additional 292,372 shares during the period. Signaturefd LLC raised its holdings in Keysight Technologies by 7.2% in the 3rd quarter. Signaturefd LLC now owns 2,344 shares of the scientific and technical instruments company’s stock valued at $373,000 after buying an additional 158 shares during the period. Eastern Bank acquired a new position in Keysight Technologies in the third quarter valued at about $95,000. Finally, Greenleaf Trust boosted its stake in Keysight Technologies by 21.2% during the third quarter. Greenleaf Trust now owns 5,093 shares of the scientific and technical instruments company’s stock worth $809,000 after buying an additional 892 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the sale, the chief executive officer now directly owns 116,582 shares in the company, valued at approximately $19,779,302.12. This trade represents a 13.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey K. Li sold 4,412 shares of Keysight Technologies stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the sale, the senior vice president now directly owns 30,637 shares of the company’s stock, valued at approximately $5,267,113.04. This trade represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,063 shares of company stock worth $5,573,941. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KEYS has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Robert W. Baird raised their price target on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $182.22.

Keysight Technologies Trading Down 5.2 %

NYSE:KEYS opened at $175.33 on Friday. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The firm has a market cap of $30.32 billion, a PE ratio of 50.10, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $169.77 and a 200 day moving average price of $159.71.

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.