State of New Jersey Common Pension Fund D Has $15.53 Million Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

State of New Jersey Common Pension Fund D cut its position in Keysight Technologies, Inc. (NYSE:KEYS) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,613 shares of the scientific and technical instruments company’s stock after selling 2,537 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Keysight Technologies worth $15,529,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Trust Investment Advisors raised its holdings in Keysight Technologies by 1.8% in the fourth quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock worth $664,000 after purchasing an additional 75 shares during the period. Itau Unibanco Holding S.A. raised its holdings in Keysight Technologies by 31.5% in the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 82 shares during the period. Guinness Asset Management LTD raised its holdings in Keysight Technologies by 2.8% in the third quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock worth $422,000 after purchasing an additional 88 shares during the period. Princeton Capital Management LLC raised its holdings in Keysight Technologies by 1.6% in the third quarter. Princeton Capital Management LLC now owns 6,488 shares of the scientific and technical instruments company’s stock worth $858,000 after purchasing an additional 104 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its holdings in Keysight Technologies by 7.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 1,603 shares of the scientific and technical instruments company’s stock worth $212,000 after purchasing an additional 106 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KEYS has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Citigroup increased their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays increased their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $160.63.

Keysight Technologies Stock Up 0.6 %

Keysight Technologies stock traded up $0.83 during mid-day trading on Thursday, reaching $147.43. The company’s stock had a trading volume of 688,431 shares, compared to its average volume of 1,231,435. The company has a market capitalization of $25.74 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 6.65 and a beta of 1.05. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The business’s 50 day simple moving average is $153.14 and its 200 day simple moving average is $146.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. As a group, research analysts anticipate that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% 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.