Procurement News Notice |
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| PNN | 9030 |
| Work Detail | State Farm Mutual Automobile Insurance Company decreased its stake in Keysight Technologies Inc (NYSE:KEYS) by 24.36% based on its latest 2016Q2 regulatory filing with the SEC. State Farm Mutual Automobile Insurance Company sold 704,100 shares as the company’s stock declined 0.25% while stock markets rallied. The institutional investor held 2.19M shares of the industrial machinery and components company at the end of 2016Q2, valued at $60.64 million, down from 2.89 million at the end of the previous reported quarter. State Farm Mutual Automobile Insurance Company who had been investing in Keysight Technologies Inc for a number of months, seems to be less bullish one the $5.16B market cap company. The stock closed at $30.4 during the last session. It is up 35.47% since February 2, 2016 and is uptrending. It has outperformed by 20.58% the S&P500. The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.08, from 0.98 in 2016Q1. The ratio is positive, as 28 funds sold all KEYS shares owned while 90 reduced positions. 25 funds bought stakes while 100 increased positions. They now own 144.08 million shares or 0.12% less from 144.25 million shares in 2016Q1. Becker Capital Management Inc holds 0.81% of its portfolio in KEYS for 682,085 shares. Price Michael F owns 200,000 shares or 0.77% of their US portfolio. Moreover, Wedge Capital Management L LP Nc has 0.77% invested in the company for 2.56 million shares. The Delaware-based Cypress Capital Management Llc has invested 0.74% in the stock. Denali Advisors Llc, a California-based fund reported 143,800 shares. Out of 4 analysts covering Keysight Technologies Inc (NYSE:KEYS), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Keysight Technologies Inc has been the topic of 6 analyst reports since December 1, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the stock on March 9 to “Sell” rating. Keysight Technologies, Inc. is a measurement firm engaged in providing electronic design and test solutions to communications and electronics industries. The company has a market cap of $5.16 billion. The Firm 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. It has a 10.02 P/E ratio. The Firm has two operating divisions: the measurement solutions segment, and customer support and services segmen |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://presstelegraph.com/2016/09/07/state-farm-mutual-automobile-insurance-company-decreased-stake-in-keysight-technologies-inc-nysekeys-by-19-01-million-as-shares-declined/ |
