Keysight Technologies Inc. (KEYS) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT reduced its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,426,981 shares of the scientific and technical instruments company’s stock after selling 14,013 shares during the period. Keysight Technologies comprises about 2.8% of Sound Shore Management Inc. CT’s holdings, making the stock its 18th largest position. Sound Shore Management Inc. CT owned approximately 2.39% of Keysight Technologies worth $172,342,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of 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 worth $183,456,000 after buying an additional 2,452,119 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of 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 worth $8,778,000 after buying an additional 66,500 shares in the last quarter. Denali Advisors LLC raised its stake in shares of 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 worth $3,796,000 after buying an additional 8,600 shares in the last quarter. Morgan Stanley raised its stake in shares of 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 worth $38,949,000 after buying an additional 542,528 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of 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 worth $553,000 after buying an additional 6,700 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Inc. (KEYS) opened at 41.25 on Friday. The stock has a 50 day moving average price of $40.86 and a 200 day moving average price of $38.40. Keysight Technologies Inc. has a 12-month low of $26.87 and a 12-month high of $43.15. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 20.96 and a beta of 1.15.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.12. The business had revenue of $758 million for the quarter, compared to analysts’ expectations of $748.59 million. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, analysts expect that Keysight Technologies Inc. will post $2.48 EPS for the current year.

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A number of analysts have commented on the company. Barclays PLC assumed coverage on Keysight Technologies in a report on Monday. They set an “overweight” rating and a $50.00 price objective for the company. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective on shares of Keysight Technologies in a report on Friday, July 21st. BidaskClub raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Wells Fargo & Company reissued an “outperform” rating on shares of Keysight Technologies in a report on Tuesday, July 4th. Finally, Zacks Investment Research lowered Keysight Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.90.

In other news, SVP Jay Alexander sold 11,663 shares of Keysight Technologies stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $38.50, for a total transaction of $449,025.50. Following the transaction, the senior vice president now owns 48,407 shares in the company, valued at approximately $1,863,669.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Gasparian sold 27,294 shares of Keysight Technologies stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.75, for a total transaction of $1,084,936.50. Following the transaction, the senior vice president now owns 73,297 shares in the company, valued at approximately $2,913,555.75. 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 in the last quarter. Corporate 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.

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

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