State Treasurer State of Michigan Boosts Position in Keysight Technologies Inc. (NYSE:KEYS)

State Treasurer State of Michigan boosted its stake in Keysight Technologies Inc. (NYSE:KEYS) by 9.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 76,100 shares of the scientific and technical instruments company’s stock after buying an additional 6,400 shares during the period. State Treasurer State of Michigan’s holdings in Keysight Technologies were worth $2,963,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Keysight Technologies by 93.4% in 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. Spark Investment Management LLC boosted its stake in Keysight Technologies by 37.7% in the first quarter. Spark Investment Management LLC now owns 242,900 shares of the scientific and technical instruments company’s stock valued at $8,778,000 after buying an additional 66,500 shares during the period. Morgan Stanley boosted 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 valued at $38,949,000 after buying an additional 542,528 shares during the period. Denali Advisors LLC boosted 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 valued at $3,796,000 after buying an additional 8,600 shares during the period. Finally, Janus Capital Management LLC boosted its stake in Keysight Technologies by 77.9% in the first quarter. Janus Capital Management LLC now owns 15,300 shares of the scientific and technical instruments company’s stock valued at $553,000 after buying an additional 6,700 shares during the period. 85.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Keysight Technologies Inc. (KEYS) opened at 41.79 on Thursday. The firm has a 50-day moving average of $41.25 and a 200 day moving average of $38.54. Keysight Technologies Inc. has a 12-month low of $26.87 and a 12-month high of $43.15. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 21.23 and a beta of 1.15.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $748.59 million. During the same period in the previous year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Keysight Technologies Inc. will post $2.48 earnings per share for the current year.

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KEYS has been the topic of several research analyst reports. ValuEngine raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. increased their price target on shares of Keysight Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. Zacks Investment Research upgraded shares of Keysight Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Bank of America Corporation restated a “buy” rating and issued a $47.00 price objective on shares of Keysight Technologies in a report on Friday, June 2nd. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Keysight Technologies in a report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $45.90.

In other news, SVP Ingrid A. Estrada sold 18,130 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $37.26, for a total value of $675,523.80. Following the sale, the senior vice president now directly owns 61,140 shares of the company’s stock, valued at approximately $2,278,076.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael Gasparian sold 2,677 shares of the company’s stock in a transaction on 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 sale, the senior vice president now directly owns 65,926 shares in the company, valued at $2,746,477.16. The disclosure for this sale can be found here. Insiders have sold a total of 461,554 shares of company stock worth $17,749,840 over the last three months. Insiders own 1.23% of the company’s stock.

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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