Starfire Investment Advisers Inc. purchased a new stake in shares of Keysight Technologies Inc. (NYSE:KEYS) during the second quarter, Holdings Channel reports. The firm purchased 5,500 shares of the scientific and technical instruments company’s stock, valued at approximately $214,000.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its position in shares of 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. Spark Investment Management LLC raised its position in shares of Keysight Technologies by 37.7% in the first quarter. Spark Investment Management LLC now owns 242,900 shares of the scientific and technical instruments company’s stock worth $8,778,000 after buying an additional 66,500 shares during the last quarter. Denali Advisors LLC raised its position in shares of Keysight Technologies by 9.7% in the second quarter. Denali Advisors LLC now owns 97,500 shares of the scientific and technical instruments company’s stock worth $3,796,000 after buying an additional 8,600 shares during the last quarter. Morgan Stanley raised its position in shares of Keysight Technologies by 101.4% in the first quarter. Morgan Stanley now owns 1,077,679 shares of the scientific and technical instruments company’s stock worth $38,949,000 after buying an additional 542,528 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Keysight Technologies by 77.9% in the first quarter. Janus Capital Management LLC now owns 15,300 shares of the scientific and technical instruments company’s stock worth $553,000 after buying an additional 6,700 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Keysight Technologies Inc. (NYSE:KEYS) opened at 41.49 on Friday. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 21.08 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. The company has a 50-day moving average price of $40.95 and a 200-day moving average price of $38.44.

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. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The firm had revenue of $758 million during the quarter, compared to analysts’ expectations of $748.59 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that Keysight Technologies Inc. will post $2.48 earnings per share for the current year.

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A number of equities analysts have recently weighed in on the company. Robert W. Baird raised Keysight Technologies from a “neutral” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Friday, June 16th. Jefferies Group LLC upped their target price on Keysight Technologies from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. BidaskClub raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. upped their target price on Keysight Technologies from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, June 7th. Finally, Bank of America Corporation set a $53.00 target price on Keysight Technologies and gave the stock a “buy” rating in a research report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.90.

In other news, SVP Michael Gasparian sold 2,677 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $41.66, for a total value of $111,523.82. Following the completion of the transaction, the senior vice president now owns 65,926 shares in the company, valued at $2,746,477.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jay Alexander sold 11,663 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $38.50, for a total value of $449,025.50. Following the completion of the transaction, the senior vice president now owns 48,407 shares of the company’s stock, valued at approximately $1,863,669.50. The disclosure for this sale can be found here. Insiders sold 461,554 shares of company stock valued at $17,749,840 in the last 90 days. Company insiders own 1.23% of the company’s stock.

About Keysight Technologies

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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