Nuveen Asset Management LLC decreased its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,674 shares of the scientific and technical instruments company’s stock after selling 5,999 shares during the period. Nuveen Asset Management LLC’s holdings in Keysight Technologies were worth $2,265,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 worth $538,735,000 after buying an additional 1,666,595 shares during the last quarter. BlackRock Inc. increased its position in 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 worth $525,577,000 after buying an additional 14,426,160 shares during the last quarter. JPMorgan Chase & Co. increased its position in Keysight Technologies by 19.2% in the first quarter. JPMorgan Chase & Co. now owns 7,320,322 shares of the scientific and technical instruments company’s stock worth $264,556,000 after buying an additional 1,179,662 shares during the last quarter. American Century Companies Inc. increased its position in Keysight Technologies by 16.0% in the first quarter. American Century Companies Inc. now owns 6,112,660 shares of the scientific and technical instruments company’s stock worth $220,912,000 after buying an additional 843,676 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in 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 during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Keysight Technologies Inc. (NYSE:KEYS) opened at 41.61 on Friday. The stock has a market cap of $7.71 billion, a PE ratio of 21.14 and a beta of 1.12. Keysight Technologies Inc. has a one year low of $26.87 and a one year high of $41.99. The firm has a 50-day moving average of $38.26 and a 200-day moving average of $37.39.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results 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. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The business had revenue of $758 million during the quarter, compared to analyst estimates of $748.59 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Keysight Technologies Inc. will post $2.47 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on KEYS shares. Credit Suisse Group started coverage on shares of 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 shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 21st. TheStreet cut shares of Keysight Technologies from a “b-” rating to a “c” rating in a report on Thursday, May 18th. Stifel Nicolaus upped their price objective on shares of Keysight Technologies from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, June 7th. Finally, Robert W. Baird upped their price objective on shares of Keysight Technologies from $38.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, June 9th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.44.

In related news, SVP Michael Gasparian sold 27,294 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $39.75, for a total transaction of $1,084,936.50. Following the completion of the transaction, the senior vice president now owns 73,297 shares in the company, valued at approximately $2,913,555.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Soon Chai Gooi sold 65,986 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $38.70, for a total transaction of $2,553,658.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 458,877 shares of company stock valued at $17,638,316. Company 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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