NorthCoast Asset Management LLC bought a new position in shares of Keysight Technologies Inc. (NYSE:KEYS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,267 shares of the scientific and technical instruments company’s stock, valued at approximately $1,918,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Keysight Technologies by 93.4% during the first quarter. Wellington Management Group LLP now owns 5,076,285 shares of the scientific and technical instruments company’s stock worth $183,456,000 after purchasing an additional 2,452,119 shares during the period. Spark Investment Management LLC increased its holdings in shares of Keysight Technologies by 37.7% during the first quarter. Spark Investment Management LLC now owns 242,900 shares of the scientific and technical instruments company’s stock worth $8,778,000 after purchasing an additional 66,500 shares during the period. Morgan Stanley increased its holdings in shares of Keysight Technologies by 101.4% during the first quarter. Morgan Stanley now owns 1,077,679 shares of the scientific and technical instruments company’s stock worth $38,949,000 after purchasing an additional 542,528 shares during the period. Denali Advisors LLC increased its holdings in shares of Keysight Technologies by 9.7% during the second quarter. Denali Advisors LLC now owns 97,500 shares of the scientific and technical instruments company’s stock worth $3,796,000 after purchasing an additional 8,600 shares during the period. Finally, Janus Capital Management LLC increased its holdings in shares of Keysight Technologies by 77.9% during the first quarter. Janus Capital Management LLC now owns 15,300 shares of the scientific and technical instruments company’s stock worth $553,000 after purchasing an additional 6,700 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Shares of Keysight Technologies Inc. (NYSE KEYS) traded down 1.15% on Friday, reaching $39.62. 551,295 shares of the company were exchanged. The firm has a 50 day moving average price of $41.13 and a 200-day moving average price of $38.86. The stock has a market capitalization of $7.34 billion, a PE ratio of 20.13 and a beta of 1.15. Keysight Technologies Inc. has a 12-month low of $29.25 and a 12-month high of $43.15.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The business had revenue of $832 million for the quarter, compared to analyst estimates of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. Keysight Technologies’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. On average, analysts predict that Keysight Technologies Inc. will post $2.47 EPS for the current fiscal year.

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Several research analysts have recently commented on KEYS shares. Robert W. Baird reaffirmed a “buy” rating and set a $48.00 target price on shares of Keysight Technologies in a report on Friday, September 1st. Barclays PLC started coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They issued an “overweight” rating and a $50.00 price objective on the stock. Credit Suisse Group started coverage on shares of Keysight Technologies in a research note on Monday, May 15th. They issued an “outperform” rating and a $44.00 price objective on the stock. ValuEngine cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.60.

In related news, SVP Jay Alexander sold 11,663 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $38.50, for a total transaction of $449,025.50. Following the sale, the senior vice president now owns 48,407 shares of the company’s stock, valued at approximately $1,863,669.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John C. Skinner sold 15,058 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. Insiders have sold a total of 425,835 shares of company stock worth $16,381,392 in the last ninety days. 1.23% of the stock is currently owned by insiders.

About Keysight Technologies

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.

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

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