Maryland State Retirement & Pension System Sells 651 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Maryland State Retirement & Pension System lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,304 shares of the scientific and technical instruments company’s stock after selling 651 shares during the period. Maryland State Retirement & Pension System’s holdings in Keysight Technologies were worth $1,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Xponance Inc. raised its position in Keysight Technologies by 1.2% in the 4th quarter. Xponance Inc. now owns 28,161 shares of the scientific and technical instruments company’s stock worth $4,524,000 after purchasing an additional 342 shares during the last quarter. Boston Partners raised its position in Keysight Technologies by 21.7% in the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company’s stock worth $637,125,000 after purchasing an additional 704,920 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Keysight Technologies during the 4th quarter worth $1,353,000. Mystic Asset Management Inc. acquired a new stake in Keysight Technologies during the 4th quarter worth $231,000. Finally, Signaturefd LLC grew its holdings in Keysight Technologies by 2.8% during the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company’s stock worth $387,000 after acquiring an additional 66 shares during the period. Institutional investors own 84.58% of the company’s stock.

Analyst Ratings Changes

KEYS has been the subject of a number of analyst reports. StockNews.com lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Wells Fargo & Company lifted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Robert W. Baird lifted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.44.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $154.65 on Friday. The firm has a market capitalization of $26.72 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The firm has a fifty day moving average of $166.92 and a 200-day moving average of $161.95.

Insider Buying and Selling

In related news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the transaction, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

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.