State of Tennessee Treasury Department reduced its holdings in Keysight Technologies Inc. (NYSE:KEYS) by 50.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the scientific and technical instruments company’s stock after selling 60,000 shares during the period. State of Tennessee Treasury Department’s holdings in Keysight Technologies were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of KEYS. Ameriprise Financial Inc. raised its stake in Keysight Technologies by 123.8% during the second quarter. Ameriprise Financial Inc. now owns 1,601,505 shares of the scientific and technical instruments company’s stock worth $62,351,000 after purchasing an additional 885,896 shares during the period. Marshall Wace North America L.P. increased its position in shares of Keysight Technologies by 23.2% during the second quarter. Marshall Wace North America L.P. now owns 4,516,498 shares of the scientific and technical instruments company’s stock valued at $176,143,000 after acquiring an additional 849,245 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Keysight Technologies during the second quarter valued at about $27,072,000. BlackRock Inc. increased its position in shares of Keysight Technologies by 4.5% during the second quarter. BlackRock Inc. now owns 15,193,717 shares of the scientific and technical instruments company’s stock valued at $591,492,000 after acquiring an additional 650,968 shares during the last quarter. Finally, Scout Investments Inc. acquired a new stake in shares of Keysight Technologies during the second quarter valued at about $23,017,000. 89.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $52.00 price objective on shares of Keysight Technologies in a report on Friday, October 20th. TheStreet upgraded shares of Keysight Technologies from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. BidaskClub upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, Robert W. Baird restated a “buy” rating and set a $48.00 price objective on shares of Keysight Technologies in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.33.
Keysight Technologies Inc. (NYSE KEYS) traded down $1.56 during mid-day trading on Monday, reaching $41.90. 787,715 shares of the company traded hands, compared to its average volume of 863,003. The stock has a market cap of $8,056.09, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.04 and a current ratio of 2.75. Keysight Technologies Inc. has a 1 year low of $35.05 and a 1 year high of $45.65.
In other Keysight Technologies news, insider Ronald S. Nersesian sold 58,931 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $41.64, for a total transaction of $2,453,886.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.23% of the stock is currently owned by corporate insiders.
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Keysight Technologies Company Profile
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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