Keysight Technologies Inc. (NYSE:KEYS) Shares Sold by OxFORD Asset Management LLP

OxFORD Asset Management LLP decreased its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 83.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,550 shares of the scientific and technical instruments company’s stock after selling 68,170 shares during the quarter. OxFORD Asset Management LLP’s holdings in Keysight Technologies were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KEYS. Eagle Asset Management Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth about $27,072,000. Wells Fargo & Company MN increased its stake 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 worth $20,769,000 after buying an additional 408,576 shares during the period. Morgan Stanley increased its stake 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 worth $38,949,000 after buying an additional 542,528 shares during the period. 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 worth $3,796,000 after buying 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 worth $29,549,000 after buying an additional 39,617 shares during the period. 88.15% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP John C. Skinner sold 15,058 shares of Keysight Technologies stock in a transaction dated Friday, September 1st. The stock was 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 this link. Also, insider Ronald S. Nersesian sold 58,931 shares of Keysight Technologies stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.64, for a total value of $2,453,886.84. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by company insiders.

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Shares of Keysight Technologies Inc. (NYSE:KEYS) traded up 3.02% on Friday, hitting $44.29. The stock had a trading volume of 854,362 shares. Keysight Technologies Inc. has a 12-month low of $31.81 and a 12-month high of $44.29. The firm has a market cap of $8.24 billion, a P/E ratio of 33.78 and a beta of 1.15. The company’s 50-day moving average price is $41.56 and its 200 day moving average price is $39.87.

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

KEYS has been the topic of several recent analyst reports. TheStreet upgraded shares of Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 price target (up from $49.00) on shares of Keysight Technologies in a research note on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $48.00 price target on shares of Keysight Technologies in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and set a $50.00 target price on shares of Keysight Technologies in a research report on Friday, July 21st. Finally, BidaskClub upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.33.

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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