State of New Jersey Common Pension Fund D lowered its position in Keysight Technologies Inc. (NYSE:KEYS) by 22.0% during the second quarter, Holdings Channel reports. The institutional investor owned 97,500 shares of the scientific and technical instruments company’s stock after selling 27,500 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Keysight Technologies were worth $3,796,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Keysight Technologies by 171.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock worth $137,000 after buying an additional 2,400 shares in the last quarter. Creative Planning boosted its stake in shares of Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 63 shares during the period. New England Research & Management Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth approximately $222,000. San Francisco Sentry Investment Group CA boosted its stake in shares of Keysight Technologies by 1.7% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 100 shares during the period. Finally, Cadence Capital Management LLC boosted its stake in shares of Keysight Technologies by 2.6% in the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock worth $220,000 after buying an additional 157 shares during the period. Institutional investors own 85.57% of the company’s stock.

Shares of Keysight Technologies Inc. (NYSE:KEYS) opened at 41.58 on Wednesday. The firm has a market capitalization of $7.71 billion, a PE ratio of 21.13 and a beta of 1.15. Keysight Technologies Inc. has a 52-week low of $26.87 and a 52-week high of $43.15. The company’s 50-day moving average is $41.15 and its 200 day moving average is $38.52.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.12. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The firm had revenue of $758 million during the quarter, compared to the consensus estimate of $748.59 million. During the same quarter in the previous year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts expect that Keysight Technologies Inc. will post $2.48 earnings per share for the current fiscal year.

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A number of equities research analysts have recently commented on KEYS shares. Barclays PLC started coverage on shares of Keysight Technologies in a research report on Monday, August 7th. They issued an “overweight” rating and a $50.00 target price for the company. Credit Suisse Group started coverage on shares of Keysight Technologies in a research report on Monday, May 8th. They issued an “outperform” rating and a $44.00 target price for the company. Zacks Investment Research cut shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Stifel Nicolaus increased their target price on shares of Keysight Technologies from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, June 7th. Finally, TheStreet cut shares of Keysight Technologies from a “b-” rating to a “c” rating in a research report on Thursday, May 18th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.90.

In related news, Director Charles J. Dockendorff acquired 13,210 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was bought at an average price of $37.81 per share, with a total value of $499,470.10. Following the purchase, the director now directly owns 51,800 shares in the company, valued at approximately $1,958,558. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ingrid A. Estrada sold 18,130 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $37.26, for a total transaction of $675,523.80. Following the transaction, the senior vice president now directly owns 61,140 shares of the company’s stock, valued at approximately $2,278,076.40. The disclosure for this sale can be found here. Insiders sold a total of 461,554 shares of company stock valued at $17,749,840 in the last three months. 1.23% of the stock is currently owned by corporate insiders.

Keysight Technologies Company Profile

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.

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

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