Sound Shore Management Inc. CT decreased its stake in Keysight Technologies Inc. (NYSE:KEYS) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,426,981 shares of the scientific and technical instruments company’s stock after selling 14,013 shares during the period. Keysight Technologies accounts for approximately 2.8% of Sound Shore Management Inc. CT’s holdings, making the stock its 18th largest position. Sound Shore Management Inc. CT’s holdings in Keysight Technologies were worth $172,342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Keysight Technologies by 171.4% in the first 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 buying an additional 2,400 shares during the period. Creative Planning boosted its position in Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 63 shares during the period. New England Research & Management Inc. purchased a new position in Keysight Technologies during the second quarter worth $222,000. San Francisco Sentry Investment Group CA boosted its position in Keysight Technologies by 1.7% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 100 shares during the period. Finally, Cadence Capital Management LLC boosted its position in Keysight Technologies by 2.6% in the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock worth $220,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Shares of Keysight Technologies Inc. (NYSE:KEYS) opened at 41.25 on Friday. Keysight Technologies Inc. has a 52 week low of $26.87 and a 52 week high of $43.15. The stock has a market cap of $7.65 billion, a PE ratio of 20.96 and a beta of 1.15. The firm has a 50-day moving average of $40.86 and a 200 day moving average of $38.40.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.12. The firm had revenue of $758 million for the quarter, compared to the consensus estimate of $748.59 million. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that Keysight Technologies Inc. will post $2.48 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/sound-shore-management-inc-ct-has-172-34-million-stake-in-keysight-technologies-inc-keys/1474541.html.

KEYS has been the topic of a number of analyst reports. Barclays PLC initiated coverage on shares of Keysight Technologies in a research note on Monday. They set an “overweight” rating and a $50.00 target price on the stock. Credit Suisse Group initiated coverage on shares of Keysight Technologies in a research note on Monday, May 8th. They set an “outperform” rating and a $44.00 target price on the stock. Zacks Investment Research cut 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 target price 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 cut shares of Keysight Technologies from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Keysight Technologies currently has an average rating of “Buy” and an average target price of $45.90.

In other news, SVP Jay Alexander sold 11,663 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $38.50, for a total value of $449,025.50. Following the transaction, the senior vice president now directly owns 48,407 shares of the company’s stock, valued at $1,863,669.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Gasparian sold 2,677 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $41.66, for a total transaction of $111,523.82. Following the completion of the transaction, the senior vice president now directly owns 65,926 shares in the company, valued at $2,746,477.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 461,554 shares of company stock worth $17,749,840. 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.

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies Inc. (NYSE:KEYS).

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

Receive News & Ratings for Keysight Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.