Trade Report: Today, Arizona State Retirement System Reduces Stake in Keysight Technologies Inc (KEYS)

Today, Arizona State Retirement System Reduces Stake in Keysight Technologies Inc (KEYS)

Arizona State Retirement System lowered its stake in shares of Keysight Technologies Inc (NASDAQ:KEYS) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 66,354 shares of the company’s stock after selling 200 shares during the period. Arizona State Retirement System’s holdings in Keysight Technologies were worth $2,103,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. World Asset Management Inc increased its position in shares of Keysight Technologies by 29.0% in the third quarter. World Asset Management Inc now owns 12,149 shares of the company’s stock valued at $385,000 after buying an additional 2,728 shares during the period. Huntington National Bank raised its stake in Keysight Technologies by 1,281.0% in the third quarter. Huntington National Bank now owns 14,459 shares of the company’s stock valued at $458,000 after buying an additional 13,412 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in Keysight Technologies during the third quarter valued at approximately $688,000. General American Investors Co. Inc. raised its stake in Keysight Technologies by 92.9% in the third quarter. General American Investors Co. Inc. now owns 127,900 shares of the company’s stock valued at $4,053,000 after buying an additional 61,600 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Keysight Technologies by 4.5% in the third quarter. Mutual of America Capital Management LLC now owns 130,629 shares of the company’s stock valued at $4,140,000 after buying an additional 5,601 shares in the last quarter.

Shares of Keysight Technologies Inc (NASDAQ:KEYS) traded down 0.73% on Monday, hitting $37.98. The stock had a trading volume of 879,764 shares. The stock has a market cap of $6.45 billion and a P/E ratio of 19.48. Keysight Technologies Inc has a 12 month low of $21.07 and a 12 month high of $38.28. The firm has a 50 day moving average of $33.57 and a 200 day moving average of $30.76.

Keysight Technologies (NASDAQ:KEYS) last posted its earnings results on Thursday, November 17th. The company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $751 million for the quarter, compared to analysts’ expectations of $736.94 million. Keysight Technologies’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities analysts forecast that Keysight Technologies Inc will post $2.36 earnings per share for the current fiscal year.

Several equities research analysts have commented on KEYS shares. Robert W. Baird lowered their price objective on Keysight Technologies from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, August 18th. Deutsche Bank AG upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Monday, September 19th. Zacks Investment Research lowered Keysight Technologies from a “hold” rating to a “sell” rating in a research report on Friday. Finally, TheStreet upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 17th.

In related news, SVP Michael Gasparian sold 2,692 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $35.90, for a total transaction of $96,642.80. Following the completion of the sale, the senior vice president now owns 65,703 shares in the company, valued at $2,358,737.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Keysight Technologies Company Profile

Keysight Technologies, Inc (Keysight) is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic measurement 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.

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