Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Teachers Retirement System of The State of Kentucky lowered its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 68.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,132 shares of the scientific and technical instruments company’s stock after selling 28,478 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Keysight Technologies were worth $2,087,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after acquiring an additional 323,235 shares during the period. Swedbank AB boosted its stake in shares of Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares during the period. Fort Pitt Capital Group LLC grew its holdings in Keysight Technologies by 59.1% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock valued at $109,138,000 after purchasing an additional 254,985 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Keysight Technologies by 506.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 300,903 shares of the scientific and technical instruments company’s stock worth $41,148,000 after buying an additional 251,274 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Keysight Technologies by 27.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock worth $158,692,000 after buying an additional 216,564 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity at Keysight Technologies

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the completion of the transaction, the chief executive officer now owns 116,582 shares of the company’s stock, valued at approximately $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Lisa M. Poole sold 350 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total transaction of $60,126.50. Following the transaction, the vice president now owns 4,820 shares of the company’s stock, valued at $828,027.80. This represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,063 shares of company stock valued at $4,603,201 in the last quarter. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Up 2.6 %

KEYS stock opened at $170.88 on Tuesday. The firm has a fifty day moving average price of $161.62 and a two-hundred day moving average price of $148.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $175.39. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 48.82, a PEG ratio of 2.15 and a beta of 1.00.

Analysts Set New Price Targets

KEYS has been the subject of several recent analyst reports. StockNews.com downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Barclays raised their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, Bank of America lifted their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.80.

About Keysight Technologies

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.