State of Alaska Department of Revenue Takes $457,000 Position in Keysight Technologies Inc (KEYS)

State of Alaska Department of Revenue acquired a new stake in Keysight Technologies Inc (NYSE:KEYS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,000 shares of the scientific and technical instruments company’s stock, valued at approximately $457,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Keysight Technologies by 1.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 68,891 shares of the scientific and technical instruments company’s stock valued at $2,870,000 after buying an additional 1,217 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Keysight Technologies by 2.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 55,272 shares of the scientific and technical instruments company’s stock valued at $2,152,000 after buying an additional 1,354 shares during the period. M&T Bank Corp boosted its stake in shares of Keysight Technologies by 15.2% in the 2nd quarter. M&T Bank Corp now owns 10,380 shares of the scientific and technical instruments company’s stock valued at $405,000 after buying an additional 1,366 shares during the period. American International Group Inc. boosted its stake in shares of Keysight Technologies by 0.4% in the 3rd quarter. American International Group Inc. now owns 379,224 shares of the scientific and technical instruments company’s stock valued at $15,798,000 after buying an additional 1,551 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Keysight Technologies by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 424,633 shares of the scientific and technical instruments company’s stock valued at $16,531,000 after buying an additional 1,762 shares during the period. Institutional investors and hedge funds own 88.24% of the company’s stock.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research cut Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and issued a $52.00 price objective on shares of Keysight Technologies in a research note on Friday, October 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $43.00 price objective on shares of Keysight Technologies in a research note on Friday, December 8th. Finally, TheStreet upgraded Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Keysight Technologies currently has a consensus rating of “Buy” and a consensus price target of $48.50.

In related news, insider Ronald S. Nersesian sold 75,314 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $43.06, for a total transaction of $3,243,020.84. Following the completion of the sale, the insider now owns 356,816 shares in the company, valued at $15,364,496.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ronald S. Nersesian sold 162,366 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.04, for a total value of $7,312,964.64. Following the sale, the insider now owns 517,674 shares of the company’s stock, valued at approximately $23,316,036.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 259,819 shares of company stock valued at $11,483,635. 1.23% of the stock is owned by company insiders.

Shares of Keysight Technologies Inc (NYSE KEYS) opened at $46.38 on Friday. The firm has a market capitalization of $8,686.23, a P/E ratio of 20.61 and a beta of 1.21. Keysight Technologies Inc has a 52 week low of $35.05 and a 52 week high of $48.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.94 and a current ratio of 2.66.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.12. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $891.55 million. Keysight Technologies had a return on equity of 19.79% and a net margin of 3.20%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. analysts forecast that Keysight Technologies Inc will post 2.54 EPS for the current year.

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

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