Retirement Systems of Alabama Sells 1,195 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Retirement Systems of Alabama cut its position in Keysight Technologies, Inc. (NYSE:KEYS) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,136 shares of the scientific and technical instruments company’s stock after selling 1,195 shares during the quarter. Retirement Systems of Alabama’s holdings in Keysight Technologies were worth $6,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KEYS. Ancora Advisors LLC bought a new position in shares of Keysight Technologies in the third quarter valued at $25,000. OFI Invest Asset Management bought a new position in shares of Keysight Technologies in the third quarter valued at $26,000. Venturi Wealth Management LLC grew its stake in shares of Keysight Technologies by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 159 shares in the last quarter. BluePath Capital Management LLC bought a new position in shares of Keysight Technologies in the third quarter valued at $44,000. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Keysight Technologies by 31.5% in the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after buying an additional 82 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on KEYS. Barclays raised their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Finally, Citigroup lifted their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Hold” and a consensus price target of $160.63.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies Trading Up 1.5 %

KEYS stock opened at $149.18 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The company has a fifty day moving average price of $152.59 and a two-hundred day moving average price of $147.36. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $172.72. The stock has a market cap of $26.04 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 6.76 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last posted its 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis. Equities analysts anticipate that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

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.