Louisiana State Employees Retirement System Purchases Shares of 10,700 Keysight Technologies, Inc. (NYSE:KEYS)

Louisiana State Employees Retirement System acquired a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,700 shares of the scientific and technical instruments company’s stock, valued at approximately $1,702,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Keysight Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after acquiring an additional 153,857 shares during the last quarter. State Street Corp increased its stake in shares of Keysight Technologies by 2.8% in the 1st quarter. State Street Corp now owns 7,878,549 shares of the scientific and technical instruments company’s stock valued at $1,272,228,000 after acquiring an additional 216,086 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Keysight Technologies by 7.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,264,113 shares of the scientific and technical instruments company’s stock valued at $688,569,000 after acquiring an additional 302,273 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Keysight Technologies by 3.6% in the 3rd quarter. Mackenzie Financial Corp now owns 3,912,631 shares of the scientific and technical instruments company’s stock valued at $513,728,000 after acquiring an additional 136,818 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Keysight Technologies by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 3,681,799 shares of the scientific and technical instruments company’s stock valued at $593,185,000 after acquiring an additional 66,008 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Keysight Technologies Trading Down 1.2 %

NYSE:KEYS opened at $145.12 on Friday. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $172.72. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $153.72 and a two-hundred day moving average price of $146.09. The company has a market cap of $25.33 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. The business’s revenue was down 8.8% on a year-over-year basis. As a group, analysts expect that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup increased their target price on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Barclays increased their target price on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Keysight Technologies presently has an average rating of “Hold” and a consensus target price of $160.63.

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.