Meadow Creek Investment Management LLC lowered its stake in Keysight Technologies Inc (NYSE:KEYS) by 22.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 16,874 shares of the scientific and technical instruments company’s stock after selling 4,884 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Keysight Technologies were worth $996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KEYS. Legal & General Group Plc grew its holdings in Keysight Technologies by 13.2% during the 2nd quarter. Legal & General Group Plc now owns 898,253 shares of the scientific and technical instruments company’s stock valued at $53,024,000 after purchasing an additional 104,421 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Keysight Technologies by 79.5% during the 2nd quarter. Janus Henderson Group PLC now owns 64,475 shares of the scientific and technical instruments company’s stock valued at $3,806,000 after purchasing an additional 28,560 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Keysight Technologies during the 2nd quarter valued at about $4,654,000. BlackRock Inc. grew its holdings in Keysight Technologies by 7.5% during the 2nd quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock valued at $1,032,745,000 after purchasing an additional 1,213,517 shares during the last quarter. Finally, Standard Life Aberdeen plc bought a new position in Keysight Technologies during the 2nd quarter valued at about $614,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

In other Keysight Technologies news, SVP Mark Adam Wallace sold 29,786 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $61.50, for a total value of $1,831,839.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.97% of the stock is owned by corporate insiders.

Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a research note on Friday, August 24th. Jefferies Financial Group upped their target price on shares of Keysight Technologies to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Credit Suisse Group upped their target price on shares of Keysight Technologies from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Finally, Deutsche Bank upped their target price on shares of Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Keysight Technologies currently has a consensus rating of “Buy” and an average target price of $68.22.

Shares of KEYS stock opened at $65.55 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.42. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 24.12 and a beta of 1.06. Keysight Technologies Inc has a one year low of $39.54 and a one year high of $70.40.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.10. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. equities analysts forecast that Keysight Technologies Inc will post 2.89 EPS for the current fiscal year.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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

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