State of Alaska Department of Revenue Has $5.06 Million Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

State of Alaska Department of Revenue lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 27.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,846 shares of the scientific and technical instruments company's stock after selling 11,925 shares during the period. State of Alaska Department of Revenue's holdings in Keysight Technologies were worth $5,060,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KEYS. Meeder Asset Management Inc. acquired a new position in shares of Keysight Technologies during the 2nd quarter worth approximately $27,000. Family Firm Inc. acquired a new position in shares of Keysight Technologies during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC acquired a new position in shares of Keysight Technologies during the 1st quarter worth approximately $31,000. American National Bank & Trust acquired a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $31,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KEYS shares. Vertical Research started coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $175.00 price target for the company. Susquehanna cut their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a "positive" rating for the company in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Bank of America upped their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an "underperform" rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.67.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares of the company's stock, valued at approximately $6,576,960. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Keysight Technologies Price Performance

NYSE:KEYS traded down $3.29 on Wednesday, hitting $151.98. The company had a trading volume of 918,880 shares, compared to its average volume of 1,178,331. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 5.19 and a beta of 0.97. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $153.93 and a two-hundred day moving average of $145.11. Keysight Technologies, Inc. has a 52 week low of $119.32 and a 52 week high of $162.51.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.04 EPS. On average, research analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

About Keysight Technologies

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.