Maryland State Retirement & Pension System Sells 651 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Maryland State Retirement & Pension System trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 6.5% during the fourth quarter, Holdings Channel reports. The firm owned 9,304 shares of the scientific and technical instruments company’s stock after selling 651 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Keysight Technologies were worth $1,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $28,000. Erste Asset Management GmbH bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $29,000. Goodman Advisory Group LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at about $35,000. Venturi Wealth Management LLC raised its holdings in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 133 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Keysight Technologies by 79.4% in the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 158 shares during the period. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS opened at $154.65 on Friday. The company’s 50 day moving average price is $166.92 and its two-hundred day moving average price is $161.95. 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 $26.72 billion, a PE ratio of 44.18, a PEG ratio of 2.41 and a beta of 1.10. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Robert W. Baird upped their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.44.

Insider Buying and Selling

In related news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the sale, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies 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.