Public Employees Retirement System of Ohio Decreases Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Public Employees Retirement System of Ohio cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 5.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 81,193 shares of the scientific and technical instruments company's stock after selling 4,986 shares during the period. Public Employees Retirement System of Ohio's holdings in Keysight Technologies were worth $12,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KEYS. Meeder Asset Management Inc. purchased a new stake in shares of Keysight Technologies during the second quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in Keysight Technologies during the 3rd quarter worth $28,000. Erste Asset Management GmbH purchased a new stake in shares of Keysight Technologies during the third quarter worth $29,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies in the second quarter valued at about $30,000. Finally, American National Bank & Trust purchased a new position in shares of Keysight Technologies in the third quarter worth about $31,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays increased their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price target on Keysight Technologies from $175.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 21st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, Morgan Stanley boosted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $177.30.

Insider Buying and Selling

In other news, VP Lisa M. Poole sold 350 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the sale, the vice president now owns 4,820 shares of the company's stock, valued at approximately $828,027.80. This represents a 6.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the completion of the transaction, the chief executive officer now owns 116,582 shares of the company's stock, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,063 shares of company stock valued at $4,603,201. Company insiders own 0.60% of the company's stock.

Keysight Technologies Trading Up 0.4 %

Shares of KEYS traded up $0.59 during trading on Thursday, reaching $168.35. 890,786 shares of the company traded hands, compared to its average volume of 1,205,295. The stock has a 50-day simple moving average of $160.84 and a 200-day simple moving average of $148.15. The stock has a market cap of $29.22 billion, a PE ratio of 48.10, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $175.39. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Keysight Technologies Company 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.