Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its position in Keysight Technologies, Inc. (NYSE:KEYS) by 36.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 62,142 shares of the scientific and technical instruments company’s stock after selling 35,471 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Keysight Technologies were worth $8,498,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Brown Shipley& Co Ltd lifted its stake in shares of Keysight Technologies by 1.0% in the 4th quarter. Brown Shipley& Co Ltd now owns 6,452 shares of the scientific and technical instruments company’s stock worth $1,026,000 after acquiring an additional 67 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Keysight Technologies by 0.9% in the 1st quarter. Park Avenue Securities LLC now owns 7,830 shares of the scientific and technical instruments company’s stock worth $1,224,000 after acquiring an additional 71 shares during the period. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Keysight Technologies by 0.6% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company’s stock worth $1,737,000 after acquiring an additional 73 shares during the period. Wedmont Private Capital lifted its stake in shares of Keysight Technologies by 2.8% in the 2nd quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock worth $391,000 after acquiring an additional 74 shares during the period. Finally, Diversified LLC lifted its stake in shares of Keysight Technologies by 3.6% in the second quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock valued at $309,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $150.04 on Friday. The company has a market capitalization of $26.04 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $162.51. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $140.54 and a two-hundred day moving average price of $145.02.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 earnings per share. As a group, research analysts expect that Keysight Technologies, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In other news, VP Lisa M. Poole sold 440 shares of Keysight Technologies stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the sale, the vice president now directly owns 3,913 shares in the company, valued at $533,928.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the sale, the vice president now directly owns 3,913 shares of the company’s stock, valued at $533,928.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at $6,576,960. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KEYS. Barclays raised their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st. Susquehanna reduced their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. Finally, Robert W. Baird dropped their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.40.

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.