Syon Capital LLC Increases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Syon Capital LLC raised its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,152 shares of the scientific and technical instruments company’s stock after buying an additional 463 shares during the period. Syon Capital LLC’s holdings in Keysight Technologies were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Lyell Wealth Management LP lifted its position in shares of Keysight Technologies by 3.8% during the fourth quarter. Lyell Wealth Management LP now owns 3,921 shares of the scientific and technical instruments company’s stock valued at $624,000 after buying an additional 145 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Keysight Technologies during the fourth quarter worth $48,000. Illinois Municipal Retirement Fund boosted its holdings in Keysight Technologies by 27.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 102,324 shares of the scientific and technical instruments company’s stock worth $16,279,000 after acquiring an additional 22,163 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Keysight Technologies during the fourth quarter worth $395,789,000. Finally, Keeler Thomas Management LLC grew its stake in Keysight Technologies by 6.4% during the 4th quarter. Keeler Thomas Management LLC now owns 11,429 shares of the scientific and technical instruments company’s stock valued at $1,818,000 after purchasing an additional 692 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on KEYS. Barclays lifted their target price on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Finally, Citigroup boosted their target price on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $160.63.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $148.55 on Friday. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The company has a fifty day moving average of $152.86 and a two-hundred day moving average of $146.66. The stock has a market capitalization of $25.93 billion, a PE ratio of 27.26, a P/E/G ratio of 6.73 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 EPS. As a group, research analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.