State of Michigan Retirement System reduced its holdings in Keysight Technologies Inc (NYSE:KEYS) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 237,802 shares of the scientific and technical instruments company’s stock after selling 45,198 shares during the quarter. State of Michigan Retirement System owned approximately 0.13% of Keysight Technologies worth $23,966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in Keysight Technologies in the 4th quarter valued at approximately $5,491,000. Quantum Capital Management lifted its position in Keysight Technologies by 70.7% during the first quarter. Quantum Capital Management now owns 314 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC lifted its position in Keysight Technologies by 52.3% during the first quarter. Global Retirement Partners LLC now owns 326 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 112 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Keysight Technologies during the fourth quarter valued at approximately $54,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Keysight Technologies by 25.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 572 shares of the scientific and technical instruments company’s stock worth $47,000 after acquiring an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

A number of brokerages have recently weighed in on KEYS. Bank of America lowered their price objective on shares of Keysight Technologies from $105.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, May 18th. Credit Suisse Group restated a “buy” rating and issued a $125.00 price objective on shares of Keysight Technologies in a report on Tuesday, May 26th. Susquehanna Bancshares restated a “buy” rating and issued a $130.00 price objective on shares of Keysight Technologies in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $112.00 to $127.00 in a report on Monday, June 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $118.00.

Shares of NYSE KEYS traded up $0.91 during mid-day trading on Friday, hitting $99.89. The stock had a trading volume of 1,204,396 shares, compared to its average volume of 1,174,282. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 3.47. Keysight Technologies Inc has a 1 year low of $77.93 and a 1 year high of $110.00. The business has a 50 day moving average price of $99.25 and a two-hundred day moving average price of $96.75. The firm has a market cap of $18.68 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 3.32 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.15). The firm had revenue of $892.00 million during the quarter, compared to analysts’ expectations of $1.03 billion. Keysight Technologies had a return on equity of 26.33% and a net margin of 14.01%. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 earnings per share. Equities research analysts predict that Keysight Technologies Inc will post 3.8 EPS for the current fiscal year.

In other Keysight Technologies news, CFO Neil Dougherty sold 79,374 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $105.24, for a total transaction of $8,353,319.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard P. Hamada sold 2,438 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $102.00, for a total transaction of $248,676.00. Following the transaction, the director now directly owns 42,160 shares in the company, valued at $4,300,320. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,241 shares of company stock worth $8,968,247. Insiders own 0.42% of the company’s stock.

Keysight Technologies Profile

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

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