Teacher Retirement System of Texas Sells 10,547 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Teacher Retirement System of Texas trimmed its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,370 shares of the scientific and technical instruments company’s stock after selling 10,547 shares during the period. Teacher Retirement System of Texas’ holdings in Keysight Technologies were worth $13,874,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Keysight Technologies during the 3rd quarter valued at about $28,000. Erste Asset Management GmbH bought a new position in Keysight Technologies during the 3rd quarter valued at about $29,000. Goodman Advisory Group LLC bought a new position in Keysight Technologies during the 3rd quarter valued at about $35,000. Venturi Wealth Management LLC grew its holdings in Keysight Technologies by 100.8% during the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 133 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Keysight Technologies by 79.4% in the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 158 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Insider Transactions at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Keysight Technologies Price Performance

Shares of KEYS opened at $154.65 on Friday. The company has a 50 day moving average price of $166.92 and a 200-day moving average price of $161.95. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The stock has a market capitalization of $26.72 billion, a PE ratio of 44.18, a PEG ratio of 2.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Wells Fargo & Company boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, StockNews.com cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.44.

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.