Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Keysight Technologies Inc (NYSE:KEYS) by 24.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,080 shares of the scientific and technical instruments company’s stock after selling 12,368 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Keysight Technologies were worth $2,524,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. ELM Advisors LLC acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at $101,000. Dupont Capital Management Corp acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at $102,000. Qube Research & Technologies Ltd acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at $120,000. Smithfield Trust Co. raised its holdings in shares of Keysight Technologies by 2,786.7% in the 3rd quarter. Smithfield Trust Co. now owns 2,165 shares of the scientific and technical instruments company’s stock valued at $143,000 after purchasing an additional 2,090 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at $149,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.

In other Keysight Technologies news, CFO Neil Dougherty sold 3,999 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total transaction of $262,214.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.97% of the company’s stock.

NYSE KEYS opened at $54.35 on Wednesday. The company has a current ratio of 2.42, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $10.87 billion, a P/E ratio of 24.37 and a beta of 1.19. Keysight Technologies Inc has a 12 month low of $41.33 and a 12 month high of $70.40.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. On average, research analysts forecast that Keysight Technologies Inc will post 2.88 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on KEYS shares. Jefferies Financial Group raised their price objective on shares of Keysight Technologies to $74.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Goldman Sachs Group raised shares of Keysight Technologies from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Credit Suisse Group increased their target price on shares of Keysight Technologies from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Keysight Technologies presently has a consensus rating of “Buy” and an average price target of $71.56.

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About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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

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