State of Michigan Retirement System Has $7.82 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

State of Michigan Retirement System lowered its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,031 shares of the scientific and technical instruments company’s stock after selling 800 shares during the quarter. State of Michigan Retirement System’s holdings in Keysight Technologies were worth $7,824,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Eagle Ridge Investment Management boosted its holdings in Keysight Technologies by 10.2% during the 1st quarter. Eagle Ridge Investment Management now owns 153,397 shares of the scientific and technical instruments company’s stock worth $23,988,000 after acquiring an additional 14,167 shares during the last quarter. Cullinan Associates Inc. purchased a new position in Keysight Technologies during the 1st quarter worth $250,000. Congress Wealth Management LLC DE boosted its holdings in Keysight Technologies by 0.8% during the 1st quarter. Congress Wealth Management LLC DE now owns 82,651 shares of the scientific and technical instruments company’s stock worth $12,925,000 after acquiring an additional 695 shares during the last quarter. Compass Ion Advisors LLC purchased a new position in Keysight Technologies during the 1st quarter worth $410,000. Finally, AMF Tjanstepension AB boosted its holdings in Keysight Technologies by 96.0% during the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after acquiring an additional 828,913 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Price Performance

KEYS traded up $1.55 during midday trading on Tuesday, hitting $136.48. The stock had a trading volume of 686,227 shares, compared to its average volume of 1,215,957. The company has a market cap of $23.82 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 4.72 and a beta of 0.95. The business has a fifty day moving average of $143.24 and a 200 day moving average of $150.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.99. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. As a group, equities analysts forecast that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KEYS shares. Barclays lifted their target price on Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. Robert W. Baird lifted their target price on Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Finally, Susquehanna lowered their target price on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.33.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the sale, the vice president now owns 3,913 shares in the company, valued at $533,928.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Keysight Technologies news, Director Kevin A. Stephens bought 460 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the acquisition, the director now directly owns 7,681 shares in the company, valued at $1,101,071.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The disclosure for this sale can be found here. Corporate insiders own 0.60% 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, 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.