Retirement Systems of Alabama Trims Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Retirement Systems of Alabama reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 1.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 38,031 shares of the scientific and technical instruments company’s stock after selling 473 shares during the period. Retirement Systems of Alabama’s holdings in Keysight Technologies were worth $6,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KEYS. Tidal Investments LLC increased its stake in shares of Keysight Technologies by 8.0% during the third quarter. Tidal Investments LLC now owns 8,649 shares of the scientific and technical instruments company’s stock worth $1,375,000 after acquiring an additional 642 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Keysight Technologies in the 3rd quarter valued at approximately $120,000. Geode Capital Management LLC increased its position in Keysight Technologies by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after purchasing an additional 323,235 shares during the period. Goodman Advisory Group LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $35,000. Finally, Executive Wealth Management LLC acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at approximately $205,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the company’s 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 transaction, the chief executive officer now owns 116,582 shares of the company’s stock, valued at approximately $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey K. Li sold 4,412 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the completion of the sale, the senior vice president now directly owns 30,637 shares of the company’s stock, valued at $5,267,113.04. The trade was a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,063 shares of company stock valued at $4,603,201. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Trading Down 3.7 %

Shares of Keysight Technologies stock opened at $160.21 on Thursday. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $175.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The business has a 50 day moving average price of $161.83 and a 200 day moving average price of $148.97. The company has a market capitalization of $27.80 billion, a P/E ratio of 45.77, a P/E/G ratio of 2.15 and a beta of 1.00.

Analyst Ratings Changes

A number of brokerages recently weighed in on KEYS. Robert W. Baird upped their price objective on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Bank of America increased their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, StockNews.com lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $180.80.

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.