Northwestern Mutual Investment Management Company LLC Trims Stake in Keysight Technologies Inc. (NYSE:KEYS)

Northwestern Mutual Investment Management Company LLC reduced its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 6.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 29,389 shares of the scientific and technical instruments company’s stock after selling 2,136 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Keysight Technologies were worth $855,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Keysight Technologies by 12,373.5% during the first quarter. BlackRock Inc. now owns 14,542,749 shares of the scientific and technical instruments company’s stock valued at $525,577,000 after buying an additional 14,426,160 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in shares of Keysight Technologies during the first quarter valued at about $132,021,000. Marshall Wace North America L.P. purchased a new position in shares of Keysight Technologies during the first quarter valued at about $132,021,000. Wellington Management Group LLP increased its position 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 valued at $183,456,000 after buying an additional 2,452,119 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Keysight Technologies by 12.6% during the first quarter. Vanguard Group Inc. now owns 14,906,887 shares of the scientific and technical instruments company’s stock valued at $538,735,000 after buying an additional 1,666,595 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Keysight Technologies Inc. (KEYS) opened at 40.50 on Friday. The stock has a market capitalization of $7.53 billion, a PE ratio of 30.89 and a beta of 1.15. The company’s 50-day moving average is $40.88 and its 200 day moving average is $39.03. Keysight Technologies Inc. has a 1-year low of $30.65 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm had revenue of $832.00 million during the quarter, compared to analyst estimates of $862.38 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Keysight Technologies’s quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts predict that Keysight Technologies Inc. will post $2.47 earnings per share for the current year.

A number of equities research analysts have weighed in on KEYS shares. ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. upped their target price on shares of Keysight Technologies from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Robert W. Baird restated a “buy” rating and set a $47.00 price objective on shares of Keysight Technologies in a research report on Friday, August 25th. Credit Suisse Group increased their price objective on shares of Keysight Technologies from $45.50 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Finally, Bank of America Corporation restated a “buy” rating and set a $47.00 price objective on shares of Keysight Technologies in a research report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $46.60.

In other Keysight Technologies news, SVP Soon Chai Gooi sold 65,986 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $38.70, for a total value of $2,553,658.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael Gasparian sold 2,677 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 65,926 shares in the company, valued at approximately $2,746,477.16. The disclosure for this sale can be found here. Insiders sold 83,721 shares of company stock valued at $3,279,398 in the last three months. 1.23% of the stock is currently owned by insiders.

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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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