ProShare Advisors LLC cut its stake in Keysight Technologies Inc. (NYSE:KEYS) by 15.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,793 shares of the scientific and technical instruments company’s stock after selling 2,589 shares during the period. ProShare Advisors LLC’s holdings in Keysight Technologies were worth $537,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Eagle Asset Management Inc. bought a new stake in Keysight Technologies in the second quarter worth $27,072,000. Morgan Stanley lifted its stake in Keysight Technologies by 101.4% in 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 last quarter. Denali Advisors LLC lifted its stake in Keysight Technologies by 9.7% in 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 last quarter. Legal & General Group Plc lifted its stake in Keysight Technologies by 5.5% in the second quarter. Legal & General Group Plc now owns 759,042 shares of the scientific and technical instruments company’s stock worth $29,549,000 after purchasing an additional 39,617 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Keysight Technologies by 327.0% in the second quarter. Wells Fargo & Company MN now owns 533,505 shares of the scientific and technical instruments company’s stock worth $20,769,000 after purchasing an additional 408,576 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Several analysts have weighed in on KEYS shares. Robert W. Baird reissued a “buy” rating and issued a $48.00 price target on shares of Keysight Technologies in a research note 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 target for the company. BidaskClub downgraded shares of Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $50.00 price objective (up from $49.00) on shares of Keysight Technologies in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Keysight Technologies presently has an average rating of “Buy” and an average target price of $47.11.

Keysight Technologies Inc. (NYSE KEYS) opened at 42.01 on Friday. The company has a 50-day moving average of $40.63 and a 200-day moving average of $39.26. The company has a market capitalization of $7.81 billion, a P/E ratio of 32.04 and a beta of 1.15. Keysight Technologies Inc. has a 1-year low of $30.93 and a 1-year high of $43.15.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The company had revenue of $832.00 million during the quarter, compared to analyst estimates of $862.38 million. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts expect that Keysight Technologies Inc. will post $2.47 EPS for the current fiscal year.

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In related news, VP John C. Skinner sold 15,058 shares of Keysight Technologies stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Gasparian sold 2,677 shares of Keysight Technologies stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $41.66, for a total transaction of $111,523.82. Following the sale, the senior vice president now owns 65,926 shares of the company’s stock, valued at approximately $2,746,477.16. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

Keysight Technologies 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.

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

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