Seven Eight Capital LP Cuts Holdings in Keysight Technologies Inc. (KEYS)

Seven Eight Capital LP decreased its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS) by 39.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,100 shares of the scientific and technical instruments company’s stock after selling 6,500 shares during the quarter. Seven Eight Capital LP’s holdings in Keysight Technologies were worth $393,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Riverhead Capital Management LLC lifted its holdings in Keysight Technologies by 35.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 20,519 shares of the scientific and technical instruments company’s stock valued at $799,000 after purchasing an additional 5,319 shares during the last quarter. AJO LP acquired a new stake in Keysight Technologies during the 2nd quarter valued at $339,000. NorthCoast Asset Management LLC acquired a new stake in Keysight Technologies during the 2nd quarter valued at $1,918,000. Capital Fund Management S.A. lifted its holdings in Keysight Technologies by 34.7% during the 2nd quarter. Capital Fund Management S.A. now owns 184,678 shares of the scientific and technical instruments company’s stock valued at $7,190,000 after purchasing an additional 47,600 shares during the last quarter. Finally, AXA lifted its holdings in Keysight Technologies by 38.3% during the 2nd quarter. AXA now owns 22,796 shares of the scientific and technical instruments company’s stock valued at $887,000 after purchasing an additional 6,312 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. Robert W. Baird raised Keysight Technologies from a “neutral” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Friday, June 16th. BidaskClub raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price target on shares of Keysight Technologies in a report on Friday, September 1st. Citigroup Inc. raised their price target on Keysight Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, June 7th. Finally, Bank of America Corporation set a $53.00 price target on Keysight Technologies and gave the company a “buy” rating in a report on Thursday, June 8th. One 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.60.

In other news, insider Ronald S. Nersesian sold 330,451 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $38.29, for a total transaction of $12,652,968.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Skinner sold 15,058 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $40.79, for a total value of $614,215.82. The disclosure for this sale can be found here. Insiders have sold a total of 425,835 shares of company stock worth $16,381,392 in the last ninety days. Insiders own 1.23% of the company’s stock.

Keysight Technologies Inc. (KEYS) opened at 41.37 on Monday. The company has a market cap of $7.70 billion, a PE ratio of 31.56 and a beta of 1.15. Keysight Technologies Inc. has a 52-week low of $29.25 and a 52-week high of $43.15. The firm’s 50-day moving average price is $40.89 and its 200 day moving average price is $38.96.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The firm had revenue of $832.00 million for the quarter, compared to analysts’ expectations of $862.38 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts predict that Keysight Technologies Inc. will post $2.47 EPS for the current fiscal year.

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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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