Olstein Capital Management L.P. boosted its stake in Keysight Technologies Inc. (NYSE:KEYS) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 387,725 shares of the scientific and technical instruments company’s stock after buying an additional 15,610 shares during the period. Keysight Technologies accounts for 1.9% of Olstein Capital Management L.P.’s portfolio, making the stock its 5th largest position. Olstein Capital Management L.P.’s holdings in Keysight Technologies were worth $15,094,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEYS. State of Wisconsin Investment Board raised its stake in Keysight Technologies by 7.6% in the second quarter. State of Wisconsin Investment Board now owns 36,806 shares of the scientific and technical instruments company’s stock valued at $1,433,000 after buying an additional 2,590 shares in the last quarter. Starfire Investment Advisers Inc. bought a new stake in Keysight Technologies during the second quarter valued at $214,000. Rhumbline Advisers raised its stake in Keysight Technologies by 1.1% in the second quarter. Rhumbline Advisers now owns 336,184 shares of the scientific and technical instruments company’s stock valued at $13,088,000 after buying an additional 3,716 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Keysight Technologies by 4.7% in the second quarter. Teacher Retirement System of Texas now owns 14,919 shares of the scientific and technical instruments company’s stock valued at $581,000 after buying an additional 672 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Keysight Technologies by 68.3% in the second quarter. First Trust Advisors LP now owns 737,052 shares of the scientific and technical instruments company’s stock valued at $28,693,000 after buying an additional 299,232 shares in the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.

Shares of Keysight Technologies Inc. (NYSE:KEYS) opened at 41.78 on Tuesday. The firm’s 50-day moving average is $41.05 and its 200-day moving average is $38.49. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 21.23 and a beta of 1.15. Keysight Technologies Inc. has a 52 week low of $26.87 and a 52 week high of $43.15.

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

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Several analysts have recently weighed in on KEYS shares. Barclays PLC started coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They issued an “overweight” rating and a $50.00 price objective for the company. 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 objective for the company. Zacks Investment Research lowered shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Stifel Nicolaus lifted their price objective on shares of 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 lowered shares of Keysight Technologies from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.90.

In other Keysight Technologies news, SVP Soon Chai Gooi sold 65,986 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $38.70, for a total value of $2,553,658.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Gasparian sold 5,353 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $41.51, for a total value of $222,203.03. Following the completion of the transaction, the senior vice president now owns 68,602 shares of the company’s stock, valued at approximately $2,847,669.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 461,554 shares of company stock valued at $17,749,840. 1.23% of the stock is owned by corporate insiders.

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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