Bryce Point Capital LLC Invests $2.05 Million in Keysight Technologies, Inc. (NYSE:KEYS)

Bryce Point Capital LLC acquired a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,777 shares of the scientific and technical instruments company’s stock, valued at approximately $2,052,000. Keysight Technologies comprises approximately 0.6% of Bryce Point Capital LLC’s holdings, making the stock its 7th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KEYS. Vanguard Group Inc. increased its holdings in shares of Keysight Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company’s stock valued at $3,352,932,000 after purchasing an additional 55,223 shares during the period. State Street Corp boosted its position in Keysight Technologies by 2.5% in the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock valued at $1,248,773,000 after buying an additional 194,294 shares during the last quarter. Geode Capital Management LLC increased its holdings in Keysight Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock worth $708,349,000 after buying an additional 17,213 shares during the period. Boston Partners raised its position in Keysight Technologies by 21.7% during the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company’s stock worth $637,125,000 after buying an additional 704,920 shares during the last quarter. Finally, Norges Bank acquired a new stake in Keysight Technologies during the 4th quarter valued at approximately $320,707,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

NYSE KEYS opened at $149.93 on Wednesday. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 2.41 and a beta of 1.10. The stock has a 50-day moving average of $165.33 and a 200 day moving average of $162.48. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20.

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Robert W. Baird increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $184.44.

Insider Activity

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares of the company’s stock, valued at approximately $17,834,765. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

About Keysight Technologies

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.