45,900 Shares in Keysight Technologies Inc (KEYS) Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new position in shares of Keysight Technologies Inc (NYSE:KEYS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 45,900 shares of the scientific and technical instruments company’s stock, valued at approximately $1,909,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Swiss National Bank increased its position in Keysight Technologies by 2.2% in the 4th quarter. Swiss National Bank now owns 315,736 shares of the scientific and technical instruments company’s stock valued at $13,135,000 after acquiring an additional 6,900 shares in the last quarter. California Public Employees Retirement System increased its position in Keysight Technologies by 4.7% in the 4th quarter. California Public Employees Retirement System now owns 419,152 shares of the scientific and technical instruments company’s stock valued at $17,437,000 after acquiring an additional 18,930 shares in the last quarter. Teacher Retirement System of Texas increased its position in Keysight Technologies by 316.8% in the 4th quarter. Teacher Retirement System of Texas now owns 63,804 shares of the scientific and technical instruments company’s stock valued at $2,654,000 after acquiring an additional 48,495 shares in the last quarter. ING Groep NV acquired a new stake in Keysight Technologies in the 4th quarter valued at about $232,000. Finally, Weybosset Research & Management LLC increased its position in Keysight Technologies by 1.3% in the 4th quarter. Weybosset Research & Management LLC now owns 119,405 shares of the scientific and technical instruments company’s stock valued at $4,967,000 after acquiring an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

In related news, VP John C. Skinner sold 9,843 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total transaction of $413,799.72. Following the transaction, the vice president now owns 29,198 shares of the company’s stock, valued at approximately $1,227,483.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronald S. Nersesian sold 75,314 shares of Keysight Technologies stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $43.06, for a total transaction of $3,243,020.84. Following the transaction, the insider now directly owns 356,816 shares in the company, valued at approximately $15,364,496.96. The disclosure for this sale can be found here. Insiders have sold a total of 259,819 shares of company stock worth $11,483,635 in the last three months. 1.23% of the stock is owned by insiders.

Several equities research analysts have weighed in on KEYS shares. Zacks Investment Research cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $43.00 target price on shares of Keysight Technologies in a research note on Friday, December 8th. Finally, Deutsche Bank raised their target price on shares of Keysight Technologies to $55.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.50.

Keysight Technologies Inc (NYSE:KEYS) opened at $45.87 on Friday. The stock has a market cap of $8,591.45, a PE ratio of 76.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.94. Keysight Technologies Inc has a one year low of $35.05 and a one year high of $48.03.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.12. The company had revenue of $878.00 million for the quarter, compared to analyst estimates of $891.55 million. Keysight Technologies had a net margin of 3.20% and a return on equity of 19.79%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. sell-side analysts expect that Keysight Technologies Inc will post 2.54 earnings per share for the current fiscal year.

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About Keysight Technologies

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

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

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