Perigon Wealth Management LLC Has $258,000 Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Perigon Wealth Management LLC lowered its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,621 shares of the scientific and technical instruments company’s stock after selling 170 shares during the period. Perigon Wealth Management LLC’s holdings in Keysight Technologies were worth $258,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new position in Keysight Technologies during the 2nd quarter valued at about $27,000. VitalStone Financial LLC bought a new position in shares of Keysight Technologies in the first quarter valued at approximately $35,000. Ancora Advisors LLC bought a new position in shares of Keysight Technologies in the third quarter valued at approximately $25,000. OFI Invest Asset Management bought a new position in shares of Keysight Technologies in the third quarter valued at approximately $26,000. Finally, Fred Alger Management LLC bought a new position in shares of Keysight Technologies in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

KEYS has been the subject of several recent analyst reports. Barclays upped their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Citigroup upped their target price on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $184.00 to $170.00 in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $160.63.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $149.93 on Thursday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $154.33 and its 200 day simple moving average is $145.99. The company has a market cap of $26.17 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 6.95 and a beta of 1.05.

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

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.