HighTower Advisors LLC trimmed its position in Keysight Technologies Inc. (NYSE:KEYS) by 4.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,843 shares of the scientific and technical instruments company’s stock after selling 665 shares during the period. HighTower Advisors LLC’s holdings in Keysight Technologies were worth $538,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Eagle Asset Management Inc. bought a new stake in Keysight Technologies in the 2nd quarter worth about $27,072,000. Morgan Stanley grew its position in shares of Keysight Technologies by 101.4% during the 1st quarter. Morgan Stanley now owns 1,077,679 shares of the scientific and technical instruments company’s stock valued at $38,949,000 after acquiring an additional 542,528 shares during the period. Denali Advisors LLC grew its position in shares of Keysight Technologies by 9.7% during the 2nd quarter. Denali Advisors LLC now owns 97,500 shares of the scientific and technical instruments company’s stock valued at $3,796,000 after acquiring an additional 8,600 shares during the period. Wells Fargo & Company MN grew its position in shares of Keysight Technologies by 327.0% during the 2nd quarter. Wells Fargo & Company MN now owns 533,505 shares of the scientific and technical instruments company’s stock valued at $20,769,000 after acquiring an additional 408,576 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Keysight Technologies by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 759,042 shares of the scientific and technical instruments company’s stock valued at $29,549,000 after acquiring an additional 39,617 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on KEYS. BidaskClub raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Barclays PLC began coverage on shares of Keysight Technologies in a research report on Monday, August 7th. They set an “overweight” rating and a $50.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and set a $50.00 target price on shares of Keysight Technologies in a research report on Friday, July 21st. Robert W. Baird reissued a “buy” rating and set a $48.00 target price on shares of Keysight Technologies in a research report on Friday, October 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $40.00 target price on shares of Keysight Technologies in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Keysight Technologies has a consensus rating of “Buy” and a consensus price target of $47.11.

Shares of Keysight Technologies Inc. (NYSE KEYS) opened at 42.50 on Tuesday. Keysight Technologies Inc. has a 52 week low of $31.32 and a 52 week high of $43.15. The stock has a market capitalization of $7.91 billion, a PE ratio of 32.42 and a beta of 1.15. The company’s 50 day moving average is $41.03 and its 200-day moving average is $39.52.

Keysight Technologies (NYSE:KEYS) last posted its quarterly 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 $832.00 million during 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%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. On average, equities analysts predict that Keysight Technologies Inc. will post $2.47 earnings per share for the current year.

In other news, VP John C. Skinner sold 15,058 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ronald S. Nersesian sold 58,931 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.

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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.

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

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