Arizona State Retirement System Buys 402 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Arizona State Retirement System lifted its position in Keysight Technologies, Inc. (NYSE:KEYS) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,407 shares of the scientific and technical instruments company’s stock after purchasing an additional 402 shares during the period. Arizona State Retirement System’s holdings in Keysight Technologies were worth $8,097,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB grew its position in shares of Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Keysight Technologies by 72.6% during the third quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company’s stock valued at $2,685,000 after buying an additional 7,106 shares during the period. Amalgamated Bank grew its position in Keysight Technologies by 0.8% during the third quarter. Amalgamated Bank now owns 35,749 shares of the scientific and technical instruments company’s stock worth $5,682,000 after buying an additional 298 shares in the last quarter. Maia Wealth LLC bought a new position in Keysight Technologies in the 3rd quarter worth about $89,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Keysight Technologies by 5.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,136 shares of the scientific and technical instruments company’s stock valued at $1,293,000 after acquiring an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity

In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the sale, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Keysight Technologies Price Performance

KEYS stock opened at $156.09 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The firm has a market cap of $26.99 billion, a P/E ratio of 44.60, a P/E/G ratio of 2.41 and a beta of 1.02. The firm’s fifty day moving average is $169.14 and its 200 day moving average is $161.85. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $186.20.

Wall Street Analysts Forecast Growth

KEYS has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Susquehanna reissued a “positive” rating and issued a $185.00 price target on shares of Keysight Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Morgan Stanley lifted their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.44.

About Keysight Technologies

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.