Sound Shore Management Inc. CT Sells 79,264 Shares of Keysight Technologies Inc. (KEYS)

Sound Shore Management Inc. CT lowered its position in Keysight Technologies Inc. (NYSE:KEYS) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,347,717 shares of the scientific and technical instruments company’s stock after selling 79,264 shares during the quarter. Keysight Technologies comprises 3.0% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 15th largest holding. Sound Shore Management Inc. CT owned approximately 2.35% of Keysight Technologies worth $181,126,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KEYS. Mckinley Capital Management LLC Delaware purchased a new position in shares of Keysight Technologies during the second quarter valued at approximately $100,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Keysight Technologies in the second quarter worth about $207,000. Creative Planning increased 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 in the last quarter. Starfire Investment Advisers Inc. bought a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $214,000. Finally, Windward Capital Management Co. CA purchased a new position in Keysight Technologies during the 3rd quarter worth $232,000. 87.00% of the stock is owned by institutional investors and hedge funds.

Shares of Keysight Technologies Inc. (KEYS) traded up $0.39 on Tuesday, hitting $44.01. 997,200 shares of the stock traded hands, compared to its average volume of 867,099. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.92. The firm has a market cap of $8,260.00, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22. Keysight Technologies Inc. has a 52 week low of $35.05 and a 52 week high of $45.65.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $832.00 million during the quarter, compared to the consensus estimate of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. research analysts anticipate that Keysight Technologies Inc. will post 2.2 EPS for the current year.

Several brokerages have recently issued reports on KEYS. TheStreet raised Keysight Technologies from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 price objective (up from $49.00) on shares of Keysight Technologies in a report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $48.00 price objective on shares of Keysight Technologies in a research note on Friday, September 1st. BidaskClub upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of Keysight Technologies in a research note on Friday, October 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.33.

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In related news, insider Ronald S. Nersesian sold 58,931 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.64, for a total transaction of $2,453,886.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John C. Skinner sold 15,058 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is 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.

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

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