State of Michigan Retirement System Reduces Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

State of Michigan Retirement System trimmed its position in shares of Keysight Technologies, Inc. (NYSE:KEYSFree Report) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 50,831 shares of the scientific and technical instruments company’s stock after selling 400 shares during the period. State of Michigan Retirement System’s holdings in Keysight Technologies were worth $8,087,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in Keysight Technologies in the 3rd quarter valued at $25,000. OFI Invest Asset Management purchased a new stake in Keysight Technologies in the 3rd quarter valued at $26,000. Quarry LP purchased a new stake in Keysight Technologies in the 2nd quarter valued at $27,000. VitalStone Financial LLC purchased a new stake in Keysight Technologies in the 1st quarter valued at $35,000. Finally, Vestor Capital LLC purchased a new stake in Keysight Technologies in the 2nd quarter valued at $40,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Price Performance

KEYS opened at $156.16 on Thursday. The stock’s 50-day moving average price is $154.38 and its 200 day moving average price is $144.30. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm has a market cap of $27.26 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 7.11 and a beta of 1.05.

Keysight Technologies (NYSE:KEYSGet Free Report) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $1.72 EPS. Keysight Technologies’s revenue was down 8.8% on a year-over-year basis. As a group, sell-side analysts expect that Keysight Technologies, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on KEYS. JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $184.00 to $170.00 in a report on Thursday, February 15th. TheStreet upgraded Keysight Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Citigroup increased their price target on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Barclays increased their price target on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Hold” and a consensus target price of $160.63.

Check Out Our Latest Stock Analysis on Keysight Technologies

Insider Buying and Selling

In related news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Keysight Technologies Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies, Inc. (NYSE:KEYSFree Report).

Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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