Keysight Technologies Inc. (KEYS) Position Lessened by State of Tennessee Treasury Department

State of Tennessee Treasury Department lowered its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 50.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the scientific and technical instruments company’s stock after selling 60,000 shares during the quarter. State of Tennessee Treasury Department’s holdings in Keysight Technologies were worth $2,500,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Eagle Asset Management Inc. acquired a new stake in shares of Keysight Technologies during the 2nd quarter worth about $27,072,000. Wells Fargo & Company MN increased 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 worth $20,769,000 after purchasing an additional 408,576 shares in the last quarter. Legal & General Group Plc increased 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 worth $29,549,000 after purchasing an additional 39,617 shares in the last quarter. Flinton Capital Management LLC increased its position in Keysight Technologies by 33.7% in the 2nd quarter. Flinton Capital Management LLC now owns 13,088 shares of the scientific and technical instruments company’s stock valued at $509,000 after acquiring an additional 3,296 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in Keysight Technologies by 77.9% in the 1st quarter. Janus Capital Management LLC now owns 15,300 shares of the scientific and technical instruments company’s stock valued at $553,000 after acquiring an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Keysight Technologies Inc. (NYSE:KEYS) opened at $43.62 on Friday. The stock has a market cap of $8,085.75, a PE ratio of 19.83, a PEG ratio of 2.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.75 and a quick ratio of 2.04. Keysight Technologies Inc. has a one year low of $34.79 and a one year high of $45.65.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $832.00 million for 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 for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. sell-side analysts expect that Keysight Technologies Inc. will post 2.2 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on KEYS shares. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price objective on shares of Keysight Technologies in a research report on Friday, October 20th. Credit Suisse Group raised 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. Robert W. Baird restated a “buy” rating and issued a $48.00 price objective on shares of Keysight Technologies in a research report on Friday, September 1st. BidaskClub cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Keysight Technologies presently has an average rating of “Buy” and a consensus price target of $47.33.

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In other news, insider Ronald S. Nersesian sold 58,931 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by company insiders.

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.

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

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