Keysight Technologies, Inc. (NYSE:KEYS) Holdings Decreased by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 364,182 shares of the scientific and technical instruments company's stock after selling 18,515 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Keysight Technologies worth $58,499,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Keysight Technologies by 44.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 503,177 shares of the scientific and technical instruments company's stock worth $80,825,000 after buying an additional 153,777 shares in the last quarter. Allianz SE purchased a new stake in shares of Keysight Technologies during the fourth quarter worth about $1,440,000. Allstate Corp acquired a new position in shares of Keysight Technologies in the fourth quarter worth about $813,000. DnB Asset Management AS boosted its holdings in Keysight Technologies by 2.8% in the fourth quarter. DnB Asset Management AS now owns 32,915 shares of the scientific and technical instruments company's stock valued at $5,287,000 after purchasing an additional 906 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in Keysight Technologies by 15.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 23,397 shares of the scientific and technical instruments company's stock valued at $3,758,000 after purchasing an additional 3,164 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares of the company's stock, valued at $17,834,765. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KEYS shares. Robert W. Baird increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and upped their target price for the company from $170.00 to $200.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $184.44.

Keysight Technologies Stock Performance

KEYS traded down $8.97 on Friday, hitting $126.76. 2,107,026 shares of the company's stock were exchanged, compared to its average volume of 1,155,570. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $163.25 and a two-hundred day moving average of $162.23. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20. The firm has a market cap of $21.91 billion, a PE ratio of 36.22, a P/E/G ratio of 2.41 and a beta of 1.12.

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.