PNC Financial Services Group Inc. lessened its holdings in Keysight Technologies Inc. (NYSE:KEYS) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,145 shares of the scientific and technical instruments company’s stock after selling 2,036 shares during the period. PNC Financial Services Group Inc.’s holdings in Keysight Technologies were worth $1,836,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. grew its stake in shares of Keysight Technologies by 16.8% in the first quarter. UBS Asset Management Americas Inc. now owns 134,027 shares of the scientific and technical instruments company’s stock worth $4,844,000 after acquiring an additional 19,235 shares in the last quarter. Sei Investments Co. increased its position in shares of Keysight Technologies by 14.4% during the first quarter. Sei Investments Co. now owns 80,041 shares of the scientific and technical instruments company’s stock worth $2,892,000 after acquiring an additional 10,053 shares during the period. Martingale Asset Management L P purchased a new stake in shares of Keysight Technologies during the first quarter worth $698,000. KBC Group NV increased its position in shares of Keysight Technologies by 2,179.2% during the first quarter. KBC Group NV now owns 53,310 shares of the scientific and technical instruments company’s stock worth $1,927,000 after acquiring an additional 50,971 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Keysight Technologies by 9.5% during the first quarter. Prudential Financial Inc. now owns 150,865 shares of the scientific and technical instruments company’s stock worth $5,452,000 after acquiring an additional 13,085 shares during the period. 88.06% of the stock is owned by institutional investors.

In related news, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Gasparian sold 2,677 shares of Keysight Technologies stock in a transaction on Monday, July 17th. The stock was sold at an average price of $41.66, for a total transaction of $111,523.82. Following the sale, the senior vice president now directly owns 65,926 shares in the company, valued at approximately $2,746,477.16. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.

Keysight Technologies Inc. (KEYS) opened at 42.25 on Wednesday. Keysight Technologies Inc. has a 52 week low of $30.93 and a 52 week high of $43.15. The company’s 50 day moving average is $40.59 and its 200-day moving average is $39.21. The firm has a market cap of $7.86 billion, a P/E ratio of 32.23 and a beta of 1.15.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The company had revenue of $832.00 million for the quarter, compared to analyst estimates of $862.38 million. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts expect that Keysight Technologies Inc. will post $2.47 earnings per share for the current year.

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Several brokerages have recently issued reports on KEYS. Citigroup Inc. increased their price objective on Keysight Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. Robert W. Baird reissued a “buy” rating and set a $47.00 target price on shares of Keysight Technologies in a research note on Friday, August 25th. Credit Suisse Group boosted their target price on Keysight Technologies from $45.50 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. Wells Fargo & Company restated an “outperform” rating on shares of Keysight Technologies in a report on Tuesday, July 4th. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price target on shares of Keysight Technologies in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Keysight Technologies presently has a consensus rating of “Buy” and a consensus target price 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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