Leith Wheeler Investment Counsel Ltd. Has $1.98 Million Stake in Keysight Technologies Inc. (KEYS)

Leith Wheeler Investment Counsel Ltd. boosted its holdings in Keysight Technologies Inc. (NYSE:KEYS) by 30.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,313 shares of the scientific and technical instruments company’s stock after acquiring an additional 12,540 shares during the period. Keysight Technologies comprises about 0.8% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 11th biggest holding. Leith Wheeler Investment Counsel Ltd.’s holdings in Keysight Technologies were worth $1,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eagle Asset Management Inc. bought a new stake in shares of Keysight Technologies during the second quarter valued at approximately $27,072,000. Wells Fargo & Company MN raised its holdings in shares of Keysight Technologies by 327.0% during the second 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 buying an additional 408,576 shares during the last quarter. Morgan Stanley raised 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 valued at $38,949,000 after buying an additional 542,528 shares during the last quarter. Denali Advisors LLC increased its stake 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 valued at $3,796,000 after acquiring an additional 8,600 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Keysight Technologies by 5.5% during the second 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. 88.15% of the stock is currently owned by institutional investors.

Keysight Technologies Inc. (NYSE:KEYS) traded up 1.63% on Friday, hitting $43.69. 347,242 shares of the stock traded hands. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 33.33 and a beta of 1.15. Keysight Technologies Inc. has a 52 week low of $31.81 and a 52 week high of $43.79. The firm’s 50 day moving average is $41.56 and its 200 day moving average is $39.87.

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

Several research analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Keysight Technologies in a research note on Friday, October 20th. TheStreet raised shares of Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. BidaskClub lowered shares of Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Barclays PLC initiated coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They set an “overweight” rating and a $50.00 target price for the company. Finally, Stifel Nicolaus reissued a “hold” rating and set a $40.00 target price on shares of Keysight Technologies in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Keysight Technologies currently has a consensus rating of “Buy” and a consensus target price of $47.33.

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In other news, insider Ronald S. Nersesian sold 58,931 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $40.79, for a total value of $614,215.82. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.

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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