California State Teachers Retirement System decreased its position in Keysight Technologies Inc (NYSE:KEYS) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,672 shares of the scientific and technical instruments company’s stock after selling 1,461 shares during the quarter. California State Teachers Retirement System owned 0.17% of Keysight Technologies worth $19,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Natixis Advisors L.P. increased its stake in Keysight Technologies by 42.5% in the 4th quarter. Natixis Advisors L.P. now owns 179,506 shares of the scientific and technical instruments company’s stock worth $11,143,000 after purchasing an additional 53,495 shares during the period. Dimensional Fund Advisors LP increased its stake in Keysight Technologies by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,074,178 shares of the scientific and technical instruments company’s stock worth $66,673,000 after purchasing an additional 70,562 shares during the period. United Services Automobile Association increased its stake in Keysight Technologies by 270.8% in the 4th quarter. United Services Automobile Association now owns 109,856 shares of the scientific and technical instruments company’s stock worth $6,820,000 after purchasing an additional 80,229 shares during the period. Townsquare Capital LLC purchased a new position in Keysight Technologies in the 4th quarter worth approximately $493,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Keysight Technologies by 10.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,513 shares of the scientific and technical instruments company’s stock worth $3,943,000 after purchasing an additional 5,997 shares during the period. Institutional investors own 88.50% of the company’s stock.
KEYS opened at $85.98 on Friday. The company has a market cap of $16.16 billion, a PE ratio of 28.66 and a beta of 1.17. Keysight Technologies Inc has a 52-week low of $50.25 and a 52-week high of $86.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.82.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.22 million. Keysight Technologies had a return on equity of 25.15% and a net margin of 4.57%. As a group, equities analysts anticipate that Keysight Technologies Inc will post 3.6 EPS for the current year.
In related news, CFO Neil Dougherty sold 42,133 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $84.85, for a total value of $3,574,985.05. Following the sale, the chief financial officer now directly owns 77,217 shares of the company’s stock, valued at $6,551,862.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ingrid A. Estrada sold 30,786 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $84.81, for a total value of $2,610,960.66. Following the completion of the sale, the senior vice president now directly owns 107,445 shares in the company, valued at $9,112,410.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,286 shares of company stock worth $8,130,230. 0.65% of the stock is owned by insiders.
Several research firms have recently issued reports on KEYS. Jefferies Financial Group boosted their target price on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, December 28th. Zacks Investment Research cut Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Citigroup raised Keysight Technologies to a “top pick” rating and set a $100.00 target price on the stock in a research note on Friday, February 22nd. Finally, TheStreet raised Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $83.11.
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About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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