CIBC World Markets Inc. purchased a new position in shares of Keysight Technologies Inc (NYSE:KEYS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,654 shares of the scientific and technical instruments company’s stock, valued at approximately $376,000.

A number of other institutional investors also recently added to or reduced their stakes in KEYS. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Keysight Technologies by 171.4% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock worth $137,000 after acquiring an additional 2,400 shares in the last quarter. Creative Planning lifted its position in Keysight Technologies by 1.2% during the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after acquiring an additional 63 shares in the last quarter. Starfire Investment Advisers Inc. acquired a new position in Keysight Technologies during the 2nd quarter worth approximately $214,000. Cadence Capital Management LLC lifted its position in Keysight Technologies by 2.6% during the 1st quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock worth $220,000 after acquiring an additional 157 shares in the last quarter. Finally, New England Research & Management Inc. acquired a new position in Keysight Technologies during the 2nd quarter worth approximately $222,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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Keysight Technologies Inc (KEYS) opened at 40.58 on Thursday. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 30.95 and a beta of 1.15. Keysight Technologies Inc has a 12 month low of $30.65 and a 12 month high of $43.15. The firm has a 50 day moving average price of $40.88 and a 200-day moving average price of $39.03.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. The business had revenue of $832.00 million for the quarter, compared to analyst estimates of $862.38 million. Keysight Technologies had a negative return on equity of 3.29% and a negative net margin of 2.16%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. On average, equities analysts forecast that Keysight Technologies Inc will post $2.47 EPS for the current year.

In other news, insider Ronald S. Nersesian sold 330,451 shares of the stock in a transaction dated Friday, June 23rd. The stock was 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 is available at this link. Also, VP John C. Skinner sold 15,058 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 425,835 shares of company stock worth $16,381,392. 1.23% of the stock is currently owned by insiders.

Several equities analysts recently commented on KEYS shares. Citigroup Inc. started coverage on Keysight Technologies in a research report on Tuesday, May 30th. They set a “buy” rating and a $44.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of Keysight Technologies in a research report on Thursday, June 1st. Bank of America Corporation reissued a “buy” rating and set a $47.00 price target on shares of Keysight Technologies in a research report on Friday, June 2nd. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) started coverage on Keysight Technologies in a research report on Monday, June 5th. They set a “neutral” rating and a $38.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Keysight Technologies has a consensus rating of “Buy” and a consensus price target of $46.60.

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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