California State Teachers Retirement System Sells 5,419 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

California State Teachers Retirement System lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,486 shares of the scientific and technical instruments company’s stock after selling 5,419 shares during the period. California State Teachers Retirement System’s holdings in Keysight Technologies were worth $46,340,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its stake in shares of Keysight Technologies by 2.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 3,675 shares of the scientific and technical instruments company’s stock worth $579,000 after acquiring an additional 75 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Keysight Technologies by 10.9% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 118,677 shares of the scientific and technical instruments company’s stock worth $18,675,000 after purchasing an additional 11,640 shares in the last quarter. Creative Planning lifted its stake in Keysight Technologies by 8.6% in the 3rd quarter. Creative Planning now owns 31,492 shares of the scientific and technical instruments company’s stock worth $4,956,000 after purchasing an additional 2,507 shares in the last quarter. Alta Advisers Ltd purchased a new stake in Keysight Technologies in the 3rd quarter worth $110,000. Finally, Balasa Dinverno & Foltz LLC purchased a new stake in Keysight Technologies in the 3rd quarter worth $266,000. Institutional investors own 81.69% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ronald S. Nersesian sold 18,069 shares of the company’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $170.00, for a total value of $3,071,730.00. Following the completion of the sale, the insider now owns 275,209 shares of the company’s stock, valued at approximately $46,785,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Keysight Technologies from $170.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 13th. UBS Group decreased their price target on shares of Keysight Technologies from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. Susquehanna Bancshares decreased their price target on shares of Keysight Technologies from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Friday, November 18th. Susquehanna reiterated a “positive” rating and issued a $208.00 price target on shares of Keysight Technologies in a research note on Thursday, March 9th. Finally, StockNews.com assumed coverage on shares of Keysight Technologies in a report on Thursday. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $197.75.

Keysight Technologies Stock Performance

Keysight Technologies stock opened at $155.16 on Friday. The company has a market cap of $27.64 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.07. Keysight Technologies, Inc. has a twelve month low of $127.93 and a twelve month high of $189.45. The company’s 50-day moving average price is $172.75 and its 200-day moving average price is $170.24. The company has a quick ratio of 2.45, a current ratio of 3.07 and a debt-to-equity ratio of 0.41.

Keysight Technologies (NYSE:KEYS – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Keysight Technologies had a net margin of 20.81% and a return on equity of 32.50%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 EPS. On average, equities research analysts forecast that Keysight Technologies, Inc. will post 7.3 EPS for the current fiscal year.

Keysight Technologies Profile

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.