Keysight Technologies, Inc. (NYSE:KEYS) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 172.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,977 shares of the scientific and technical instruments company’s stock after acquiring an additional 26,577 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Keysight Technologies were worth $6,565,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Keysight Technologies during the 1st quarter worth approximately $25,000. Larson Financial Group LLC acquired a new position in Keysight Technologies during the 1st quarter worth approximately $31,000. Venturi Wealth Management LLC increased its position in Keysight Technologies by 145.9% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 159 shares during the period. EdgeRock Capital LLC acquired a new position in Keysight Technologies during the 4th quarter worth approximately $46,000. Finally, GAMMA Investing LLC acquired a new position in Keysight Technologies during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Down 4.4 %

NYSE KEYS traded down $5.83 during trading hours on Friday, hitting $126.70. The company had a trading volume of 1,821,918 shares, compared to its average volume of 1,029,695. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 4.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.48. The firm’s 50 day moving average is $137.75 and its 200 day moving average is $147.68.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.25 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on KEYS shares. Barclays boosted their price target 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. Susquehanna decreased their price target 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. Vertical Research initiated coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. Finally, Robert W. Baird upped their target price on Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.20.

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.