The Manufacturers Life Insurance Company Purchases 23,087 Shares of Keysight Technologies Inc. (KEYS)

The Manufacturers Life Insurance Company raised its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 9.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,879 shares of the scientific and technical instruments company’s stock after purchasing an additional 23,087 shares during the period. The Manufacturers Life Insurance Company owned 0.15% of Keysight Technologies worth $10,545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Keysight Technologies during the 2nd quarter worth about $100,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Keysight Technologies by 171.4% during the 1st 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 purchasing an additional 2,400 shares in the last quarter. Creative Planning raised its stake in shares of Keysight Technologies by 1.2% during the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after purchasing an additional 63 shares in the last quarter. Starfire Investment Advisers Inc. purchased a new stake in shares of Keysight Technologies during the 2nd quarter worth about $214,000. Finally, New England Research & Management Inc. purchased a new stake in shares of Keysight Technologies during the 2nd quarter worth about $222,000. 88.07% of the stock is owned by institutional investors.

Keysight Technologies Inc. (NYSE KEYS) opened at 42.86 on Monday. Keysight Technologies Inc. has a 52 week low of $31.81 and a 52 week high of $43.19. The company has a market capitalization of $7.97 billion, a P/E ratio of 32.69 and a beta of 1.15. The company has a 50 day moving average price of $41.37 and a 200-day moving average price of $39.70.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $862.38 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities analysts anticipate that Keysight Technologies Inc. will post $2.47 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on KEYS. BidaskClub downgraded Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and set a $48.00 price target on shares of Keysight Technologies in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of Keysight Technologies in a research note on Friday. TheStreet raised Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. Finally, ValuEngine downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $47.33.

In related news, insider Ronald S. Nersesian sold 58,931 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Skinner sold 15,058 shares of the stock in a transaction that occurred 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. Corporate insiders own 1.23% of the company’s stock.

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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.

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

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