Virginia Retirement Systems ET AL Grows Stake in Keysight Technologies Inc (KEYS)

Virginia Retirement Systems ET AL lifted its position in shares of Keysight Technologies Inc (NYSE:KEYS) by 200.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,200 shares of the scientific and technical instruments company’s stock after buying an additional 96,900 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.08% of Keysight Technologies worth $9,014,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC purchased a new stake in Keysight Technologies in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust grew its holdings in Keysight Technologies by 41.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 154 shares during the period. Guardian Life Insurance Co. of America purchased a new stake in Keysight Technologies in the 4th quarter valued at about $33,000. Ipswich Investment Management Co. Inc. purchased a new stake in Keysight Technologies in the 4th quarter valued at about $37,000. Finally, Loeb Partners Corp purchased a new stake in Keysight Technologies in the 4th quarter valued at about $39,000. 84.73% of the stock is owned by institutional investors and hedge funds.

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In other news, SVP Ingrid A. Estrada sold 15,462 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $62.26, for a total value of $962,664.12. Following the completion of the sale, the senior vice president now owns 92,121 shares in the company, valued at $5,735,453.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Satish Dhanasekaran sold 1,354 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $61.54, for a total value of $83,325.16. Following the completion of the sale, the senior vice president now owns 29,337 shares of the company’s stock, valued at approximately $1,805,398.98. The disclosure for this sale can be found here. In the last three months, insiders sold 249,925 shares of company stock valued at $14,923,747. Company insiders own 0.65% of the company’s stock.

Several research firms have recently weighed in on KEYS. Zacks Investment Research lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, December 28th. Jefferies Financial Group boosted their price target on Keysight Technologies from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Finally, TheStreet lowered Keysight Technologies from an “a-” rating to a “c+” rating in a research report on Tuesday, November 20th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $73.44.

KEYS traded up $0.02 during trading on Thursday, reaching $81.10. 66,024 shares of the company were exchanged, compared to its average volume of 1,887,523. The company has a market cap of $15.12 billion, a P/E ratio of 27.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.63 and a quick ratio of 1.20. Keysight Technologies Inc has a 52 week low of $45.31 and a 52 week high of $81.65.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.12. Keysight Technologies had a return on equity of 22.80% and a net margin of 4.25%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue was up 19.7% on a year-over-year basis. As a group, research analysts anticipate that Keysight Technologies Inc will post 3.5 earnings per share for the current year.

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About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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