48,300 Shares in Keysight Technologies Inc (KEYS) Acquired by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL purchased a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,300 shares of the scientific and technical instruments company’s stock, valued at approximately $3,201,000.

Several other hedge funds have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in shares of Keysight Technologies by 1.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the scientific and technical instruments company’s stock valued at $3,400,000 after acquiring an additional 800 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Keysight Technologies by 1.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 73,825 shares of the scientific and technical instruments company’s stock worth $4,893,000 after buying an additional 922 shares during the period. Strs Ohio increased its position in Keysight Technologies by 15.5% in the third quarter. Strs Ohio now owns 7,948 shares of the scientific and technical instruments company’s stock worth $526,000 after buying an additional 1,067 shares during the period. Mcrae Capital Management Inc. increased its position in Keysight Technologies by 15.7% in the third quarter. Mcrae Capital Management Inc. now owns 8,125 shares of the scientific and technical instruments company’s stock worth $539,000 after buying an additional 1,100 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its position in Keysight Technologies by 27.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,722 shares of the scientific and technical instruments company’s stock worth $338,000 after buying an additional 1,216 shares during the period. 87.49% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on KEYS. Robert W. Baird increased their target price on Keysight Technologies from $61.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Citigroup increased their target price on Keysight Technologies from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Zacks Investment Research lowered Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Deutsche Bank increased their target price on Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Finally, ValuEngine lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $71.56.

Shares of NYSE KEYS opened at $59.19 on Monday. Keysight Technologies Inc has a 1-year low of $41.33 and a 1-year high of $70.40. 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 $11.09 billion, a price-to-earnings ratio of 26.54 and a beta of 1.19.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $961.91 million. Keysight Technologies had a return on equity of 20.58% and a net margin of 6.50%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Sell-side analysts anticipate that Keysight Technologies Inc will post 2.88 EPS for the current fiscal year.

In other news, CFO Neil Dougherty sold 3,999 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $65.57, for a total transaction of $262,214.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.97% of the stock is currently owned by company insiders.

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Keysight Technologies Profile

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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