Keysight Technologies Inc. (KEYS) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan lessened its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS) by 21.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,070 shares of the scientific and technical instruments company’s stock after selling 15,220 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Keysight Technologies were worth $2,336,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Creative Planning raised its stake in shares of Keysight Technologies by 1.2% in the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after purchasing an additional 63 shares during the period. Cadence Capital Management LLC raised its stake in shares of Keysight Technologies by 1.1% in the 2nd quarter. Cadence Capital Management LLC now owns 6,167 shares of the scientific and technical instruments company’s stock valued at $240,000 after purchasing an additional 66 shares during the period. Bank of Montreal Can increased its position in shares of Keysight Technologies by 2.5% in the second quarter. Bank of Montreal Can now owns 8,977 shares of the scientific and technical instruments company’s stock valued at $349,000 after acquiring an additional 217 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Keysight Technologies by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,956 shares of the scientific and technical instruments company’s stock valued at $1,049,000 after acquiring an additional 228 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Keysight Technologies by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 48,250 shares of the scientific and technical instruments company’s stock valued at $1,877,000 after acquiring an additional 300 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on KEYS. BidaskClub raised Keysight Technologies from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 target price on shares of Keysight Technologies in a research report on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 target price on shares of Keysight Technologies in a research report on Friday, September 1st. Credit Suisse Group lifted their price target on Keysight Technologies from $45.50 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Finally, Zacks Investment Research cut Keysight Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.33.

WARNING: “Keysight Technologies Inc. (KEYS) Shares Sold by Municipal Employees Retirement System of Michigan” was posted by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/11/14/keysight-technologies-inc-keys-shares-sold-by-municipal-employees-retirement-system-of-michigan.html.

In other Keysight Technologies news, insider Ronald S. Nersesian sold 58,931 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $41.64, for a total transaction of $2,453,886.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John C. Skinner sold 15,058 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by insiders.

Shares of Keysight Technologies Inc. (KEYS) traded down $0.24 during trading hours on Tuesday, hitting $44.32. The stock had a trading volume of 883,800 shares, compared to its average volume of 873,352. Keysight Technologies Inc. has a 12 month low of $34.58 and a 12 month high of $45.65. The company has a market capitalization of $8,240.00, a PE ratio of 20.25, a PEG ratio of 2.28 and a beta of 1.22. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.92.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The company had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. analysts forecast that Keysight Technologies Inc. will post 2.2 earnings per share for the current year.

About Keysight Technologies

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS).

Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

Receive News & Ratings for Keysight Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply