Illinois Municipal Retirement Fund Has $14.98 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Illinois Municipal Retirement Fund trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,231 shares of the scientific and technical instruments company’s stock after selling 3,458 shares during the period. Illinois Municipal Retirement Fund’s holdings in Keysight Technologies were worth $14,976,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Los Angeles Capital Management LLC increased its position in shares of Keysight Technologies by 330.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 673,872 shares of the scientific and technical instruments company’s stock valued at $108,244,000 after acquiring an additional 517,267 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Keysight Technologies during the fourth quarter worth $4,907,000. Union Bancaire Privee UBP SA bought a new stake in Keysight Technologies during the fourth quarter worth $2,549,000. Valliance Asset Management Ltd acquired a new stake in Keysight Technologies in the fourth quarter valued at $1,606,000. Finally, Fisher Funds Management LTD bought a new position in shares of Keysight Technologies in the 4th quarter valued at about $4,284,000. 84.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KEYS shares. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley lifted their target price on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Bank of America increased their price target on Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays raised their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.22.

Insider Transactions at Keysight Technologies

In other news, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares in the company, valued at $19,779,302.12. The trade was a 13.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey K. Li sold 4,412 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the transaction, the senior vice president now directly owns 30,637 shares in the company, valued at approximately $5,267,113.04. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,713 shares of company stock valued at $5,513,815. Company insiders own 0.61% of the company’s stock.

Keysight Technologies Stock Down 1.3 %

Shares of KEYS opened at $173.19 on Tuesday. 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 market capitalization of $29.95 billion, a PE ratio of 49.48, a P/E/G ratio of 2.41 and a beta of 1.02. The firm’s 50 day moving average is $169.82 and its 200-day moving average is $160.60. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

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.