Wedge Capital Management L L P NC decreased its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 2,209,567 shares of the scientific and technical instruments company’s stock after selling 4,237 shares during the period. Wedge Capital Management L L P NC’s holdings in Keysight Technologies were worth $86,018,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Keysight Technologies by 171.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock valued at $137,000 after buying an additional 2,400 shares during the last quarter. San Francisco Sentry Investment Group CA increased its position in shares of Keysight Technologies by 1.7% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 100 shares during the period. Creative Planning increased its position in shares of Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 63 shares during the period. Cadence Capital Management LLC increased its position in shares of Keysight Technologies by 2.6% in the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock valued at $220,000 after buying an additional 157 shares during the period. Finally, New England Research & Management Inc. purchased a new position in shares of Keysight Technologies during the second quarter valued at approximately $222,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Shares of Keysight Technologies Inc. (NYSE:KEYS) opened at 41.25 on Friday. The stock has a market cap of $7.65 billion, a PE ratio of 20.96 and a beta of 1.15. The company has a 50-day moving average of $40.86 and a 200 day moving average of $38.40. Keysight Technologies Inc. has a one year low of $26.87 and a one year high of $43.15.

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

COPYRIGHT VIOLATION WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/08/11/wedge-capital-management-l-l-p-nc-has-86-02-million-position-in-keysight-technologies-inc-keys.html.

KEYS has been the subject of several recent analyst reports. ValuEngine raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. upped their price objective on shares of Keysight Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of Keysight Technologies from a “sell” rating to a “hold” rating in a research note on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $47.00 price objective on shares of Keysight Technologies in a research note on Friday, June 2nd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Keysight Technologies in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Keysight Technologies presently has a consensus rating of “Buy” and an average price target of $45.90.

In other news, SVP Michael Gasparian sold 27,294 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $39.75, for a total value of $1,084,936.50. Following the sale, the senior vice president now directly owns 73,297 shares of the company’s stock, valued at approximately $2,913,555.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronald S. Nersesian sold 330,451 shares of the company’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 disclosure for this sale can be found here. Insiders sold a total of 461,554 shares of company stock worth $17,749,840 over the last ninety days. 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.

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS).

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

Receive News & Ratings for Keysight Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.