Olstein Capital Management Lowers stake in Keysight Technologies Inc (KEYS)

Keysight Technologies Inc (KEYS) : Olstein Capital Management reduced its stake in Keysight Technologies Inc by 3.92% during the most recent quarter end. The investment management company now holds a total of 547,145 shares of Keysight Technologies Inc which is valued at $15,828,905 after selling 22,305 shares in Keysight Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Keysight Technologies Inc makes up approximately 2.02% of Olstein Capital Management’s portfolio.

Other Hedge Funds, Including , First Personal Financial Services added KEYS to its portfolio by purchasing 67 company shares during the most recent quarter which is valued at $1,938. Amica Mutual Insurance Co sold out all of its stake in KEYS during the most recent quarter. The investment firm sold 13,287 shares of KEYS which is valued $380,141.Aviance Capital Management reduced its stake in KEYS by selling 661 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 6,905 shares of KEYS which is valued at $205,493. Keysight Technologies Inc makes up approx 0.01% of Aviance Capital Management’s portfolio.Checchi Capital Advisers boosted its stake in KEYS in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 1,581 shares of Keysight Technologies Inc which is valued at $47,209. Keysight Technologies Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Fruth Investment Management reduced its stake in KEYS by selling 162 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 30,699 shares of KEYS which is valued at $881,675. Keysight Technologies Inc makes up approx 0.42% of Fruth Investment Management’s portfolio.

Keysight Technologies Inc opened for trading at $29.54 and hit $29.75 on the upside on Wednesday, eventually ending the session at $29.68, with a gain of 0.27% or 0.08 points. The heightened volatility saw the trading volume jump to 9,48,739 shares. Company has a market cap of $5,052 M.

On the company’s financial health, Keysight Technologies Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.60. The company had revenue of $718.00 million for the quarter, compared to analysts expectations of $718.89 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

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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