State Treasurer State of Michigan Has $3.33 Million Holding in Keysight Technologies Inc (KEYS)

State Treasurer State of Michigan Has $3.33 Million Holding in Keysight Technologies Inc (KEYS)

State Treasurer State of Michigan reduced its stake in Keysight Technologies Inc (NYSE:KEYS) by 22.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,700 shares of the scientific and technical instruments company’s stock after selling 15,600 shares during the quarter. State Treasurer State of Michigan’s holdings in Keysight Technologies were worth $3,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KEYS. Bank of New York Mellon Corp increased its position in shares of Keysight Technologies by 78.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock valued at $264,467,000 after purchasing an additional 1,972,306 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of Keysight Technologies during the 4th quarter valued at $81,678,000. AQR Capital Management LLC increased its position in shares of Keysight Technologies by 306.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,265,431 shares of the scientific and technical instruments company’s stock valued at $83,872,000 after purchasing an additional 954,334 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Keysight Technologies by 1,078.1% during the 3rd quarter. Renaissance Technologies LLC now owns 651,500 shares of the scientific and technical instruments company’s stock valued at $43,181,000 after purchasing an additional 596,200 shares during the last quarter. Finally, Vanguard Group Inc increased its position in shares of Keysight Technologies by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 17,295,881 shares of the scientific and technical instruments company’s stock valued at $1,146,370,000 after purchasing an additional 421,861 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

KEYS traded up $1.24 during trading hours on Monday, hitting $78.10. The stock had a trading volume of 331,083 shares, compared to its average volume of 1,892,204. Keysight Technologies Inc has a 1 year low of $42.13 and a 1 year high of $77.08. The firm has a market cap of $14.43 billion, a P/E ratio of 26.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.63.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.12. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Keysight Technologies had a return on equity of 22.80% and a net margin of 4.25%. Keysight Technologies’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. As a group, research analysts predict that Keysight Technologies Inc will post 3.5 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, December 28th. TheStreet lowered Keysight Technologies from an “a-” rating to a “c+” rating in a research report on Tuesday, November 20th. Jefferies Financial Group raised their target price on Keysight Technologies from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, November 21st. Finally, Stifel Nicolaus began coverage on Keysight Technologies in a report on Monday, October 22nd. They issued a “buy” rating and a $73.00 price objective for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $73.00.

In other Keysight Technologies news, insider Ronald S. Nersesian sold 96,898 shares of Keysight Technologies stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $57.84, for a total value of $5,604,580.32. Following the transaction, the insider now directly owns 314,669 shares of the company’s stock, valued at approximately $18,200,454.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald S. Nersesian sold 87,760 shares of Keysight Technologies stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $61.45, for a total value of $5,392,852.00. Following the completion of the transaction, the insider now directly owns 402,429 shares in the company, valued at $24,729,262.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,925 shares of company stock worth $14,923,747. 0.65% of the stock is currently owned by insiders.

Keysight Technologies Company 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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