Starfire Investment Advisers Inc. acquired a new position in Keysight Technologies Inc. (NYSE:KEYS) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,500 shares of the scientific and technical instruments company’s stock, valued at approximately $214,000.

A number of other large investors also recently modified their holdings of KEYS. Rhumbline Advisers raised its stake in shares of 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 worth $13,088,000 after buying an additional 3,716 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of 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 worth $581,000 after buying an additional 672 shares in the last quarter. First Trust Advisors LP raised its stake in shares of 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 worth $28,693,000 after buying an additional 299,232 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Keysight Technologies by 2.4% in the second quarter. Arizona State Retirement System now owns 77,900 shares of the scientific and technical instruments company’s stock worth $3,033,000 after buying an additional 1,800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Keysight Technologies by 9.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 560,259 shares of the scientific and technical instruments company’s stock worth $21,811,000 after buying an additional 49,640 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Inc. (NYSE KEYS) opened at 41.49 on Friday. The company has a market cap 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 stock has a 50 day moving average of $40.95 and a 200 day moving average of $38.44.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 EPS for the quarter, beating 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 business had revenue of $758 million for the quarter, compared to analysts’ expectations of $748.59 million. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that Keysight Technologies Inc. will post $2.48 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on KEYS shares. ValuEngine raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. raised their target price on shares of Keysight Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of Keysight Technologies from a “sell” rating to a “hold” rating in a research note on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and issued a $47.00 target price on shares of Keysight Technologies in a research note on Friday, June 2nd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Keysight Technologies in a research note on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.90.

In related news, SVP Michael Gasparian sold 27,294 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.75, for a total value of $1,084,936.50. Following the sale, the senior vice president now directly owns 73,297 shares in the company, valued at $2,913,555.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ingrid A. Estrada sold 18,130 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $37.26, for a total value of $675,523.80. Following the completion of the sale, the senior vice president now owns 61,140 shares in the company, valued at $2,278,076.40. The disclosure for this sale can be found here. Insiders sold 461,554 shares of company stock worth $17,749,840 over the last quarter. 1.23% of the stock is currently owned by company insiders.

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.

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

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