Diamond Hill Capital Management Inc. Boosts Position in Keysight Technologies Inc. (NYSE:KEYS)

Diamond Hill Capital Management Inc. raised its stake in Keysight Technologies Inc. (NYSE:KEYS) by 26.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 949,441 shares of the scientific and technical instruments company’s stock after buying an additional 197,306 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.51% of Keysight Technologies worth $36,962,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KEYS. BlackRock Inc. boosted its stake in shares of Keysight Technologies by 12,373.5% in the first quarter. BlackRock Inc. now owns 14,542,749 shares of the scientific and technical instruments company’s stock valued at $525,577,000 after buying an additional 14,426,160 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Keysight Technologies during the first quarter valued at $132,021,000. Marshall Wace North America L.P. bought a new stake in shares of Keysight Technologies during the first quarter valued at $132,021,000. Wellington Management Group LLP boosted 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 valued at $183,456,000 after buying an additional 2,452,119 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Keysight Technologies by 12.6% in the first quarter. Vanguard Group Inc. now owns 14,906,887 shares of the scientific and technical instruments company’s stock valued at $538,735,000 after buying an additional 1,666,595 shares during the last quarter. Institutional investors and hedge funds own 85.57% of the company’s stock.

Shares of Keysight Technologies Inc. (NYSE KEYS) opened at 40.39 on Friday. The firm has a 50-day moving average price of $41.35 and a 200-day moving average price of $38.59. The firm has a market cap of $7.49 billion, a PE ratio of 20.52 and a beta of 1.15. Keysight Technologies Inc. has a 52 week low of $29.25 and a 52 week high of $43.15.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.12. The firm had revenue of $758 million for the quarter, compared to analyst estimates of $748.59 million. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. On average, equities research analysts predict that Keysight Technologies Inc. will post $2.48 earnings per share for the current year.

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Several equities research analysts have recently weighed in on KEYS shares. Barclays PLC started coverage on Keysight Technologies in a research note on Monday, August 7th. They issued an “overweight” rating and a $50.00 price target for the company. Credit Suisse Group started coverage on Keysight Technologies in a research note on Monday, May 8th. They issued an “outperform” rating and a $44.00 price target for the company. Zacks Investment Research cut Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Stifel Nicolaus increased their price target on Keysight Technologies from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, June 7th. Finally, TheStreet cut Keysight Technologies from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Three analysts have rated the stock with a hold rating and ten have given 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, insider Ronald S. Nersesian sold 330,451 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $38.29, for a total transaction of $12,652,968.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Gasparian sold 2,677 shares of the business’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 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 461,554 shares of company stock worth $17,749,840 over the last three months. 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.

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

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