State of Michigan Retirement System Has $7.57 Million Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

State of Michigan Retirement System lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,131 shares of the scientific and technical instruments company’s stock after selling 2,900 shares during the period. State of Michigan Retirement System’s holdings in Keysight Technologies were worth $7,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caprock Group LLC lifted its stake in shares of Keysight Technologies by 2.2% in the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock valued at $502,000 after acquiring an additional 66 shares during the last quarter. OLD National Bancorp IN raised its position in Keysight Technologies by 3.3% in the fourth quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock valued at $340,000 after purchasing an additional 68 shares during the last quarter. RMR Wealth Builders boosted its stake in shares of Keysight Technologies by 2.8% during the fourth quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock valued at $417,000 after purchasing an additional 70 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Keysight Technologies by 3.8% during the fourth quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock worth $392,000 after purchasing an additional 88 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its stake in shares of Keysight Technologies by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 8,134 shares of the scientific and technical instruments company’s stock valued at $1,307,000 after buying an additional 91 shares during the period. Institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the transaction, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KEYS has been the topic of several recent research reports. Bank of America lifted their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Keysight Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Wells Fargo & Company raised their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.44.

Keysight Technologies Stock Performance

KEYS stock opened at $156.56 on Thursday. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. 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 50-day moving average price of $169.49 and a 200-day moving average price of $161.94. The firm has a market cap of $27.07 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02.

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.