State Farm Mutual Automobile Insurance Co Lowers stake in Keysight Technologies Inc (KEYS)

Keysight Technologies Inc (KEYS) : State Farm Mutual Automobile Insurance Co reduced its stake in Keysight Technologies Inc by 24.36% during the most recent quarter end. The investment management company now holds a total of 2,186,039 shares of Keysight Technologies Inc which is valued at $56.8 Million after selling 704,100 shares in Keysight Technologies Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Keysight Technologies Inc makes up approximately 0.09% of State Farm Mutual Automobile Insurance Co’s portfolio.

Other Hedge Funds, Including , Segall Bryant Hamill boosted its stake in KEYS in the latest quarter, The investment management firm added 2,928 additional shares and now holds a total of 55,064 shares of Keysight Technologies Inc which is valued at $1.4 Million. Keysight Technologies Inc makes up approx 0.04% of Segall Bryant Hamill’s portfolio. Huntington Asset Advisors sold out all of its stake in KEYS during the most recent quarter. The investment firm sold 53 shares of KEYS which is valued $1,377.Snow Capital Management Lp boosted its stake in KEYS in the latest quarter, The investment management firm added 1,102,250 additional shares and now holds a total of 1,496,615 shares of Keysight Technologies Inc which is valued at $38.9 Million. Keysight Technologies Inc makes up approx 1.75% of Snow Capital Management Lp’s portfolio.

Keysight Technologies Inc opened for trading at $27.25 and hit $30.32 on the upside on Friday, eventually ending the session at $29.94, with a gain of 15.20% or 3.95 points. The heightened volatility saw the trading volume jump to 35,13,231 shares. Company has a market cap of $5,129,051 M.

On the company’s financial health, Keysight Technologies Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.56. The company had revenue of $731.00 million for the quarter, compared to analysts expectations of $716.36 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Keysight Technologies Inc. Keysight Technologies Inc was Downgraded by Goldman to ” Sell” on Mar 9, 2016.

Keysight Technologies Inc provides electronic measurement solutions to the communications and electronics industries. The Company provides electronic measurement 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. The Company also offers customization consulting and optimization services throughout the customer’s product lifecycle. The Company’s measurement solutions business provides electronic measurement instruments and systems and related software and software design tools that are used in the design development manufacture installation deployment and operation of electronics equipment. It provides start-up assistance consulting optimization and application support throughout the customer’s product lifecycle.

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